Latest news with #DenelleDixon
CNBC
2 days ago
- Business
- CNBC
Stellar's Denelle Dixon on PayPal launching its stablecoin on the foundation's blockchain
Denelle Dixon, CEO of the Stellar Foundation, discusses PayPal's launch of its stablecoin, PYUSD, on the foundation's blockchain network.
Yahoo
2 days ago
- Business
- Yahoo
PayPal seeks to launch USD stablecoin on Stellar
PayPal has revealed plans to make its USD stablecoin, PYUSD, available on the Stellar network, pending regulatory approval from the New York State Department of Financial Services. The deployment is intended to capitalise on the network's attributes, including 'fast, low-cost payments' to facilitate payments and financial services, the payments firm said in a statement. The Stellar network is known for its 'speed, low transaction costs', which could be leveraged by PYUSD to provide an alternative to networks such as Ethereum and Solana. The integration is expected to enhance PYUSD's utility for various financial operations, including cross-border payments and micro-financing. PYUSD users would gain access to Stellar's network of entry and exit points, aiming to improve the usability of the stablecoin for everyday financial transactions. This includes services from payments to remittances and merchant services. Additionally, PYUSD on Stellar could offer new liquidity and financing opportunities through Payment Financing or 'PayFi'. This allows for instant settlement on the Stellar network, which businesses could use for operational needs such as paying suppliers or managing inventory. Blockchain, Cryptocurrency, and Digital Currency Group vice president May Zabaneh said: 'As we see cross border payments being a key area where digital currencies can provide real world value, working with Stellar will help advance the use of this technology and provide benefits for all users." Stellar Development Foundation CEO Denelle Dixon stated: 'By bringing PYUSD to 170+ countries, we're transforming stablecoins into practical financial tools that millions of everyday users and merchants can actually use. Together, we are bringing stable digital currency to small businesses and individuals in emerging markets all over the globe." This announcement follows a recent partnership between Mastercard and PayPal, which aims to expand payment choices for users at checkout. "PayPal seeks to launch USD stablecoin on Stellar " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
3 days ago
- Business
- CNBC
House committees advance crypto market structure regulation to floor vote: CNBC Crypto World
On today's episode of CNBC Crypto World, major cryptocurrencies climb after it was revealed that consumer prices rose less than expected in May as President Trump's tariffs had yet to show significant impact on inflation. Plus, two House committees advanced the CLARITY Act crypto market structure bill, which now moves to the House floor. And, Stellar CEO Denelle Dixon discusses a new partnership between the Stellar blockchain and PayPal.
