More from PYUSD

PYUSD Launches on Solana: The Next Phase of Adoption

Today, PayPal announced that the PayPal USD (PYUSD) stablecoin is going live on the Solana blockchain. This comes nine months after the initial launch of PYUSD on the Ethereum mainnet in August 2023. PayPal has over two decades of payments experience. In our earliest years, we shouldered the responsibility of not just facilitating payments, but also introducing and evangelizing a new technology — digital payments. This experience provides novel insights that allow us to refine our approach to...

Cover image for Money Without Borders: Crypto and P2P Cross-border Payments

PYUSD

Apr 30

Money Without Borders: Crypto and P2P Cross-border Payments

Globally, individuals are becoming more financially interconnected with one another than ever before. Nevertheless, the transfer of funds to individuals in other countries — what we call peer-to-peer (p2p) cross-border payments — is a large and growing industry that remains flawed yet full of opportunity. For people to pay how they want, being able to send money locally, regionally, and globally with ease is vital. PayPal believes in the long-term opportunity of crypto to address fundamental ...

Cover image for Bitcoin, Green Mining, and the Possibility for a More Sustainable Future

PYUSD

Apr 22

Bitcoin, Green Mining, and the Possibility for a More Sustainable Future

One of the most pervasive conversations surrounding blockchain technology is sustainability. Blockchain networks — specifically proof-of-work (PoW) networks like Bitcoin — can consume large amounts of energy. Recent estimates suggest that Bitcoin mining is currently responsible annually for an estimated 85 million metric tons of carbon dioxide equivalent (as of April 02, 2024). Even with new blockchain consensus mechanisms proliferating rapidly, Bitcoin’s PoW architecture is likely to persist...