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Paxos announces the launch of a stablecoin product involving PayPal.

1 report, 1 independent Updated Aug 12

AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

Who's involved

What this event is mainly about

Ripple PayPal

How it developed

Newest first. Tap a step to see who reported it.

Jun 8The PYUSD stablecoin, issued by Paxos, has successfully deployed, utilizing Arbitrum and integrating with Robinhood for tokenized equity.Sub-event
Aug 12The announcement concerns a new stablecoin initiative between PayPal and Paxos.1 source
- DLNews

Keep exploring

The entities involved

Ripple
creator and a developer of the Ripple payment protocol and exchange network.
- The SEC has sued Ripple over unregistered security claims. In response to the legal uncertainty, Kraken pulled XRP listings, and Coinbase also suspended XRP trading.Wed 23:17
- AVAX surged 50%, outpacing Bitcoin's gains, while XRP gained 22% amidst an unconfirmed ICE decision introducing market uncertainty.Wed 23:17
PayPal
American worldwide online payments system
- Musk serves as CEO of SpaceX, and investors are comparing SpaceX's potential gains to Tesla's past performance.Mon 07:39
- Bryan Johnson sold his mobile-payment business, Braintree, to financial-technology firm PayPal.Mon 03:49

Coverage

Newest first; wire copies grouped

Aug 12DLNewsPaxos is applying to become a US bank — Here’s why that matters Paxos, the company that issues PayPal’s $1 billion stablecoin, has applied for a national trust bank charter in the US, becoming the la