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PayPal has teamed up with Spark to boost PYUSD liquidity, with deposits already topping $135 million on the decentralized finance (DeFi) lending protocol. PayPal has partnered with decentralized finance (DeFi) protocol Spark to expand liquidity for its US dollar stablecoin, PayPal USD (PYUSD).  PayPal's stablecoin has attracted more than $135 million in deposits since its August listing on SparkLend, a lending market focused on stablecoins, according to a Thursday statement. SparkLend was launched in 2023 out of the MakerDAO ecosystem and later integrated into Maker’s successor entity, Sky. It runs the Spark Liquidity Layer, which is backed by more than $8 billion in stablecoin reserves, according to the protocol. Read more

PayPal and Spark have announced a partnership to expand PYUSD liquidity. Spark says SparkLend deposits have surpassed $100 million; the Liquidity Layer and reserves have supported depth, and it has deployed $630 million in BTC-backed loans to Coinbase, as PYUSD has gone live on Stellar. The post PayPal and Spark Forge $1B Liquidity Reserve Deal to Boost Stablecoin Access appeared first on Cryptonews.

The stablecoin sector is entering a new phase of competition, with major players unveiling fresh initiatives to capture part of the $280 billion market. On Sept. 22, PayPal, Bitfinex-backed Plasma, and Polkadot’s Hydration protocol announced new projects to strengthen the role of dollar-pegged assets in global finance. Neobank, DeFi, and Payments Plasma is positioning itself […] The post PayPal joins Plasma and Polkadot’s Hydration in wave of new stablecoin initiatives appeared first on CryptoSlate.

Stable, a Bitfinex-backed blockchain linked to Tether, announced PayPal Ventures’ support to bring the PayPal USD stablecoin onto its network. Stable, an institutional-grade stablecoin blockchain backed by cryptocurrency exchange Bitfinex, is integrating a stablecoin built by major online payment platform PayPal. PayPal Ventures has made a strategic investment in Stable to bring PayPal USD (PYUSD) stablecoin onto the Stablechain, according to an announcement by Stable on Monday. “This work with Stable reflects our commitment to expanding PYUSD’s utility across multiple blockchain ecosystems and driving adoption,” PYUSD ecosystem head David Weber said, highlighting Stable’s focus on fast and seamless financial transactions. Read more

PayPal is adding support for a permissionless version of its PYUSD stablecoin on Tron, Avalanche and several other blockchains via LayerZero and its Stargate Hydra bridge. Payments giant PayPal is expanding its PayPal USD stablecoin across eight new blockchains, seven of which are through an integration with LayerZero’s Stargate Hydra bridge. The integration will create a permissionless version of PayPal USD (PYUSD) — PYUSD0 — which will be “fully fungible” with the PYUSD and interoperable across blockchains, crypto infrastructure firm LayerZero said in a statement on Thursday.  Those blockchains are Tron, Avalanche, Aptos, Abstract, Ink, Sei and Stable, while existing permissionless versions on Berachain (BBYUSD) and Flow (USDF) will upgrade to PYUSD0. A separate announcement on Thursday also revealed that PYUSD has expanded to Stellar. Read more

Payments giant PayPal will soon allow users to send crypto tokens to each other directly via text message, DM, and email.

The payments giant is rolling out PayPal links and direct crypto transfers, letting users send Bitcoin, Ether and PYUSD to friends, family and external wallets. PayPal, the global payments giant with over 400 million active accounts, is adding cryptocurrency to its peer-to-peer (P2P) payments, enabling users to send and receive digital assets directly — a step that could accelerate mainstream adoption beyond investment and trading. On Monday, the company unveiled PayPal links, a personalized one-time link generated in the PayPal app that can be shared across text, email or chat. The feature will launch first in the US before expanding into the United Kingdom, Italy and other international markets later this year. In the near term, users will be able to send cryptocurrencies and stablecoins directly through PayPal’s P2P feature, both to PayPal and Venmo users, as well as to compatible digital assets. The supported cryptocurrencies will include Bitcoin (BTC), Ether (ETH), PYUSD (PYUSD) and others, the announcem...

Paxos updated its bid to issue Hyperliquid’s USDH stablecoin, unveiling a PayPal-backed product with payment integration and a revenue model tied to the DEX’s growth. Stablecoin issuer Paxos has updated its proposal to issue USDH, the planned stablecoin of decentralized exchange (DEX) Hyperliquid, adding support from PayPal and Venmo. In a Wednesday announcement, Paxos updated its Saturday proposal to issue USDH. The firm stated that “PayPal has committed to supporting the Hyperliquid ecosystem,” by listing the HYPE token, supporting the new stablecoin with free on and off-ramps and supporting both USDH and Hyperliquid (HYPE) for PayPal checkout. PayPal would also provide $20 million in incentives committed to the HYPE ecosystem and integrate USDH into its payment app, Venmo, and money remittance service, Xoom. Paxos also stated that its regulatory standing in the European Union would allow its stablecoin to circulate there as well, “ensuring that USDH can scale globally.” Read more

PayPal now supports crypto payments with 100+ coins and PYUSD. Here’s how it works for users and merchants in 2025. Pay with Crypto is PayPal’s blockchain-based settlement feature for US merchants. It allows payments in over 100 cryptocurrencies, including Bitcoin (BTC), Ether (ETH), Solana (SOL), USDC (USDC), Tether’s USDt (USDT), XRP (XRP), BNB (BNB) and others. Consumers can pay in crypto, while merchants receive either US dollars or PayPal USD (PYUSD), PayPal’s dollar-pegged stablecoin. The automatic crypto-to-fiat conversion on PayPal ensures no exposure to price volatility, thereby offering a familiar settlement process akin to a traditional payout. Read more

Arbitrum ($ARB) has built momentum through upgrades and partnerships: PYUSD support on-chain, Timeboost has been designed to speed processing, a $14M audit subsidy has been approved, and Offchain Labs has acquired ZeroDev. Price has tested $0.56–$0.57, with $0.59 watched and $0.48–$0.50 support. The post PayPal and BlackRock Moves Ignite Arbitrum ($ARB) – Will $0.59 Finally Fall? appeared first on Cryptonews.

PayPal is rolling out a new crypto payment tool that will allow US merchants to receive payments with more than 100 cryptocurrencies. Payments platform PayPal is set to roll out a new feature for US merchants to accept payments with over 100 cryptocurrencies, targeting overseas transactions and more utility of its own stablecoin. According to a Monday announcement, businesses will be able to accept Bitcoin (BTC), Ether (ETH), Solana (SOL), USDt (USDT), USD Coin (USDC) and XRP (XRP), among others. The tool integrates with crypto wallets including Coinbase Wallet, MetaMask, OKX, Kraken, Binance, Phantom, and Exodus. Transactions paid with cryptocurrencies will be automatically converted into PayPal's stablecoin PYUSD or fiat currency at checkout, allowing merchants to receive crypto payments without dealing with price volatility. Read more

Pay with Crypto has launched for US merchants, connecting PayPal checkout with Coinbase, OKX, Binance, Kraken, MetaMask, Phantom and Exodus so shoppers can spend over 100 coins. The service covers 90% of market cap and, at a 0.99% introductory rate, has reduced fees by up to 90%. The post PayPal’s ‘Pay with Crypto’ Supports 100 Cryptos, MetaMask, Binance, and More appeared first on Cryptonews.

PayPal has launched a new initiative, “Pay with Crypto,” aimed at streamlining global commerce and significantly reducing the cost of cross-border transactions, according to a July 28 statement. According to the company, the service offers merchants a 90% reduction in international transaction fees compared to traditional credit card processors. Pay with crypto This is made […] The post PayPal’s new crypto payment service slashes international transaction fees by 90% appeared first on CryptoSlate.

PayPal chief executive Alex Chriss said the United States remains far from widespread stablecoin adoption, telling Bloomberg TV on June 26 that consumers lack meaningful incentives to shift away from existing payment rails, a view surfacing as the company advances new initiatives around rewards and cross-border transfers. His comments follow the Senate’s passage of the […] The post PayPal CEO says US consumers need incentives to try stablecoins as PYUSD expands appeared first on CryptoSlate.

Tether USD (USDT) has surpassed $150 billion in circulating supply amid stablecoins averaging over $521 billion in weekly transfer volumes in 2025, The metrics posted by the leading stablecoin are well above the combined weekly volumes of Visa and PayPal, which averaged $319 billion and $32 billion, respectively. Tether described the milestone as the culmination […] The post USDT supply surpasses $150 billion as stablecoins outpace mainstream giants Visa, PayPal appeared first on CryptoSlate.