PayPal and Ripple stablecoins still sub-1% despite ‘stablecoin gold rush’
Despite excellent political and banking conditions for stablecoins, PayPal’s PYUSD and Ripple’s RLUSD are still less than 1% of the market.
Bitcoin24h
$84,862.66-0.90%
Ethereum24h
$2,802.89-0.05%
BNB24h
$824.70-1.48%
XRP24h
$1.82-1.82%
Solana24h
$119.00-2.35%
TRON24h
$0.2793-0.03%
Dogecoin24h
$0.1213-3.48%
Cardano24h
$0.3523-3.82%
Bitcoin Cash24h
$565.92+4.03%
Chainlink24h
$11.89-2.62%
Why is PayPal’s stablecoin PYUSD struggling a month after launch?
Real-world adoption of PayPal’s stablecoin PYUSD has been sluggish with just $45M in reserves reported so far.
PayPal stablecoin can be frozen like Tether and Circle
PayPal’s stablecoin is neither unique nor special, instead inheriting design decisions from many existing tokens.
PayPal halts stablecoin launch amid BUSD and Paxos scrutiny
Crypto firm Paxos has stopped minting BUSD amid regulatory scrutiny, prompting its partner PayPal to back out of its own stablecoin launch.
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