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.
Bitcoin24h
$97,769.34-1.25%
Ethereum24h
$3,397.09+1.97%
Solana24h
$255.19-0.59%
BNB24h
$651.08+2.77%
XRP24h
$1.47-0.06%
Dogecoin24h
$0.4301+4.15%
Cardano24h
$1.07+5.12%
TRON24h
$0.2122+3.55%
Avalanche24h
$41.49-3.68%
Toncoin24h
$6.31+15.86%
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.
-
Michael Saylor has lost voting control of MicroStrategy—by Protos Staff
-
Coinbase to delist WBTC months after Justin Sun controversy—by Protos Staff
-
All bitcoin models destroyed: Stock-to-Flow, Power Law, Rainbow—by Protos Staff
-
Is retail back or is MicroStrategy only pumping the price of bitcoin?—by Protos Staff
-
MicroStrategy investors cheer bitcoin ‘yield’ — but few read fine print—by Protos Staff
-
Bitcoin flippened silver and Saudi Aramco — are Google and Amazon next?—by Protos Staff
-
Bit on that thang! Michael Saylor ‘orange pills’ the Hawk Tuah girl—by Protos Staff
-
Polymarket faces US probe as Kalshi exec allegedly fuels wash-trading concerns—by Protos Staff
-
Bitcoin breaks $93,000 amid rumors that Saudi, UAE, or Qatar is buying—by Protos Staff
