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
$100,292.62-2.03%
Ethereum24h
$3,112.88-5.49%
XRP24h
$2.91-4.44%
Solana24h
$213.03-7.92%
BNB24h
$656.74-2.83%
Dogecoin24h
$0.3037-7.37%
Cardano24h
$0.8917-5.63%
TRON24h
$0.2425-5.28%
Chainlink24h
$22.70-10.90%
Avalanche24h
$31.36-9.38%
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.
-
There were always signs that Richard Heart would become a fugitive—by Protos Staff
-
HTX receives $500M USDT infusion then sends it away—by Protos Staff
-
UK gov’t could sell $6.3B seized bitcoin to help economy, report—by Protos Staff
-
Bitcoiners attack Ripple after Strategic Bitcoin Reserve flop—by Protos Staff
-
MicroStrategy wanted bitcoin rule change — not billions in tax bills—by Protos Staff
-
Ripple scores victory against the Strategic Bitcoin Reserve—by Protos Staff
-
Former CoinDesk exec calls out Justin Sun at Davos awards—by Protos Staff
-
Ledger co-founder David Balland released by kidnappers, report—by Protos Staff
-
US gov’t DOGE website contains just 18 words and a Dogecoin meme—by Protos Staff
