PYUSD

PayPal

2026-08-13 13:21:35

PayPal Backs PYUSD While Keeping a Foot in Open USD as Stablecoin Competition Shifts

PayPal’s second-quarter results showed a business that beat expectations on headline numbers while revealing a more complicated picture around its stablecoin push. The company reported $8.68 billion in revenue, total payment volume of $486.4 billion, and raised its full-year adjusted EPS outlook to about $5.38. At the same time, management elevated PYUSD’s role inside the company, folded it into a new “Payment Services & Crypto” segment, and described the token as a key enabler for PayPal World and a “commerce-first” stablecoin aimed at consumers and merchants. That strategic messaging is running into weaker on-chain momentum. PYUSD supply climbed to roughly $4.2 billion in March after expansion to 70 markets and deployment across nine blockchains, but fell about 31% by the end of the second quarter to around $2.7 billion. As of early August, circulating supply stood at about 2.7 billion PYUSD, with a market cap near $2.72 billion and a stablecoin ranking around No. 32 on CoinGecko. A second pressure point comes from Open USD, a consortium-style project announced on June 30 and expected to launch in the second half of 2026. Operated by Open Standard and backed by more than 140 partners including Visa, Mastercard, Stripe, Shopify, BlackRock, BNY, Standard Chartered, Google, IBM, Coinbase, Solana and Aave, the project uses a different economic model from PYUSD. PayPal is one of its partners, meaning the company is supporting its own branded stablecoin while also reserving a place in a broader industry network.

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Sentora

2026-08-06 18:40:17

Sentora Opens Morpho Vault Using Wellington-Backed mWIN as Collateral

Sentora has launched a curated lending vault on Morpho that lets users deposit PayPal USD (PYUSD) while taking exposure to loans backed by mWIN, a token issued by Midas and tied to an actively managed credit portfolio run by Wellington Management. The setup brings a large traditional asset manager’s native onchain credit strategy into DeFi collateral markets rather than wrapping an existing offchain fund after launch. As of Aug. 6, the vault was close to its 10 million PYUSD cap, while the underlying market showed $3.91 million in borrowing against $6.44 million in posted collateral. Sentora said the product carries duration and credit risk and should not be treated like a yield-bearing stablecoin. The vault’s headline net APY of 8.31% was driven mostly by PYUSD incentives, while the base yield excluding rewards was 0.70%.

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BitMart

2026-07-30 03:53:00

BitMart users allege over $3.7 million stuck as withdrawals fail

A group of BitMart users with large balances has issued a public complaint, saying 27 users had registered cases by July 30 with more than $3.7 million in assets unable to be withdrawn. According to an X post by user @MINGLIbtc, the amount is still rising and the largest single case involves 700,000 USDT. Several users said they were drawn in by yield products tied to stablecoins including USDG and PYUSD. After completing KYC, redeeming those products, and submitting withdrawal requests as instructed by the platform, they found exit channels shutting down one after another. Users said USDG withdrawals on both ERC20 and Solana were marked suspended, while the USDG/USDT and PYUSD/USDT pairs could not trade normally, leaving them unable to withdraw directly or swap into USDT before withdrawing. They also said large withdrawals have remained pending for long periods, while only scattered small withdrawals of about 100 USDT have been released and 24-hour withdrawal limits were sharply reduced. The complaint challenges BitMart’s July 26 statement that it would gradually cease operations while keeping withdrawals open, and demands a response within 24 hours.

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PayPal

2026-07-29 02:03:13

After Rejecting a $53 Billion Buyout, PayPal Faces a Quarterly Test of Its Standalone Case

PayPal’s decision to reject a $53 billion privatization offer from Stripe and Advent International has turned its upcoming earnings release into an immediate referendum on management’s standalone strategy. The offer, disclosed by Reuters on July 15, valued the company at $60.50 a share, a 28% premium to the prior close, and was formally rejected on July 20. By saying no, PayPal’s board effectively argued that the company can generate more long-term value on its own than the cash now on the table. That claim lands at a difficult moment. PayPal’s market value has fallen from nearly $360 billion at its 2021 peak to about $44 billion when the offer emerged, even as payment volumes across the industry have kept growing. The company still controls assets that buyers clearly want, including PYUSD, Venmo, its branded checkout network and data tied to agentic commerce. But investors have also seen years of shifting strategy, CEO turnover, uneven execution and slowing growth in core branded checkout. With second-quarter results due on July 28, investors are looking for more than a headline beat. They want evidence that branded checkout can reaccelerate, Venmo can keep expanding and newer bets such as PYUSD and ChatGPT-linked payments can turn into revenue. If those signals do not appear consistently, the rejected offer may continue to frame how shareholders judge PayPal’s future.

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Stablecoins

2026-07-26 04:40:11

Crystal Foresight says stablecoin supply fell by $11.5 billion in 90 days after May peak

A new Crystal Foresight report says the stablecoin market contracted for the first time in nearly three years after reaching a record level close to $320 billion in May 2026. By July 14, total supply had dropped to $306.5 billion, down $11.5 billion over 90 days, or 3.6%. The report argues this was not a case of tokens moving between wallets or chains, and not a depeg event, but real redemption-driven destruction that sent dollars back off-chain. The decline was also highly concentrated. USDC, USDe, USDS, USDT and PYUSD accounted for nearly all of the drop, while each token fell for a different reason. Crystal Foresight links USDe and USDS weakness to lower yields, USDC weakness to softer DeFi collateral demand, and USDT’s small decline to strategic positioning outside MiCA and the GENIUS Act framework. PYUSD, meanwhile, was described as vulnerable to incentive changes. The report also separates gold-backed tokens from dollar stablecoins, saying the roughly $900 million decline in PAXG and XAUt reflected a pullback in gold prices rather than changes in stablecoin adoption. On the growth side, USDG, USD1, DAI and RLUSD expanded through subsidies, distribution, or infrastructure channels, though Crystal Foresight said not all of that growth should be read as organic demand.

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PayPal

2026-07-24 10:40:15

PayPal Expands PYUSD Stablecoin to 70 Markets, Enabling Instant Cross-Border Settlement

PayPal extends its dollar-backed stablecoin PYUSD to 70 new markets, allowing users to buy, hold, send and receive directly, with merchant settlement in minutes instead of days.

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PYUSD

2026-07-24 05:00:16

PYUSD Goes Live Natively on Polygon as Network's Stablecoin Volume Exceeds $2.6 Trillion

Paxos launched native PYUSD issuance on Polygon, integrating it into the Open Money Stack. Polygon's cumulative stablecoin volume surpassed $2.6 trillion, with Revolut and Stripe already using the chain for payments.

740

Interactive B

2026-07-24 03:45:15

Interactive Brokers to Charge 0.3% Fee on Stablecoin Deposits, Add PYUSD and RLUSD Next Week

Interactive Brokers has rolled out stablecoin funding for brokerage accounts in the U.S. market. Zero Hash will charge 0.3% plus gas fees on deposits, and IBKR plans to add PYUSD and RLUSD next week.

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