Latest news with #StellarNetwork
Yahoo
3 days ago
- Business
- Yahoo
PayPal to Add Stablecoin on Stellar Network
PayPal recently announced plans to make the PayPal USD (PYUSD) stablecoin available on the Stellar network pending regulatory approval. PayPal plans to integrate its stablecoin into more of its products this year. Stellar Development Foundation CEO Denelle Dixon has more on the story. 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
Bloomberg
3 days ago
- Business
- Bloomberg
PayPal to Add Stablecoin on Stellar Network
Bloomberg Crypto Show PayPal recently announced plans to make the PayPal USD (PYUSD) stablecoin available on the Stellar network pending regulatory approval. PayPal plans to integrate its stablecoin into more of its products this year. Stellar Development Foundation CEO Denelle Dixon has more on the story. (Source: Bloomberg)
Yahoo
4 days ago
- Business
- Yahoo
PayPal Holdings (PYPL) Expands into Stellar Blockchain to Strengthen its Stablecoin
PayPal Holdings, Inc. (NASDAQ:PYPL) is . On June 11, the payment company confirmed bringing its PYUSD stablecoin to the stellar blockchain network. The move strengthens the dollar-pegged token's position in cross-border remittances and payment financing. Denys Prykhodov / While operating in the Ethereum and Solana blockchain, PayPal will expand to the stellar network to explore new areas like payment financing. The expansion should allow small and medium-sized businesses that face delayed receivables or pre-funding requirements to access new sources of real-time working capital. By expanding its stablecoin into the Stellar Network, PayPal plans to leverage its high speed, low transaction costs, and ease of integration to enhance the utility of real-world payments commerce and microfinancing. The expansion will also offer PayPal Holdings, Inc. (NASDAQ:PYPL) stablecoin holders access to a vast network of on and off-ramps. They will also enjoy access to digital wallets and connection to payment systems and vast payment networks. The stablecoin on the stellar network should also enhance liquidity and financing opportunities through payment financing. While we acknowledge the potential of PYPL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None.
