TLDR: The PayPal takeover bid values the payments company above $53 billion and offers shareholders $60.50 for each share they hold. Stripe and Advent secured about $50 billion in committed bank financing and would each hold an equal ownership stake. PayPal has not responded to the approach, while people familiar with the talks said no completed transaction is certain. A combined company would bring together PayPal consumer products, Stripe merchant tools, Bridge infrastructure, and PYUSD. A reported PayPal takeover bid has placed the payments company back at the center of fintech dealmaking. Stripe and Advent International offered $60.50 per share, valuing PayPal above $53 billion.
The proposal carries a 28% premium to PayPal stock’s Tuesday close of $47.37. The buyers also secured about $50 billion in committed bank financing. PayPal has not responded, while the parties want to advance talks during the coming weeks.
PYPL Stock Card PayPal Holdings, Inc., PYPL PayPal Takeover Bid Offers 28 Percent Premium to Shares The PayPal takeover bid arrived earlier this month after an initial approach in April. Stripe and Advent would take equal ownership stakes under the proposal. They plan to keep PayPal intact rather than separate its operating businesses. The offer does not guarantee a transaction, and the companies declined public comment.
PayPal stock has struggled as competition increased across online checkout and mobile payments. Its market value reached about $360 billion in 2021 before falling sharply during the following years. The company now faces stronger pressure from Apple Pay, Google Pay, Shop Pay, and other payment services.
Enrique Lores took over as chief executive in March and started a broader turnaround effort. PayPal reorganized its operations into checkout, Venmo and consumer financial services, and payments and crypto. Management also outlined cost savings of about $1.5 billion over two to three years, with plans to reinvest those funds.
The business still reports large payment volumes. First-quarter revenue rose 7% to $8.35 billion, while currency-neutral payment volume increased 8% to about $464 billion. Those figures give PayPal a broad consumer and merchant network, even as investors question its future growth rate.
Stripe and PayPal Bring Different Payments Strengths The PayPal takeover bid would combine Stripe’s merchant infrastructure with PayPal’s consumer-facing brands. Stripe provides payment acceptance, payouts, billing, and financial automation tools. PayPal operates its checkout service, Venmo, Braintree, and a crypto business serving consumers and merchants.
Stripe completed its acquisition of stablecoin platform Bridge in February 2025. Bridge provides tools for businesses to receive, store, convert, issue, and spend stablecoins. Its Open Issuance platform also lets companies create and manage their own digital currencies.
PayPal already operates PayPal USD, or PYUSD. The dollar-backed stablecoin can move across PayPal, Venmo, external wallets, and supported blockchains. PayPal states that users can redeem PYUSD at a one-to-one rate for U.S. dollars.
That product overlap could place stablecoin infrastructure within the wider deal discussion, although the reported offer does not identify crypto as its main reason. A combined group would hold merchant tools, consumer wallets, stablecoin issuance infrastructure, and an existing branded stablecoin. This is an inference based on the companies’ current product portfolios.
The PayPal takeover bid also joins a wider run of payments-sector acquisitions. Global Payments agreed to acquire Worldpay in a $24.25 billion transaction during 2025. Nuvei also agreed to buy Payoneer for $2.75 billion.
PayPal has not indicated whether its board will engage at the proposed price. Stripe and Advent have not received a formal response, and sources cautioned that the approach may not produce a completed deal.
Interactive Brokers has introduced stablecoin withdrawals and added nine crypto tokens through zerohash as the brokerage expands its digital asset services.
Eligible clients can now withdraw US dollars from their brokerage accounts through automatic conversion into USDC, PayPal USD or Ripple USD. The stablecoins can then be transferred to supported external wallets.
The service extends the stablecoin deposit feature Interactive Brokers launched in January. That feature allows clients to send stablecoins to a wallet provided through zerohash, where they are converted into dollars and credited to their brokerage accounts.
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The nine tokens added through zerohash are Aave, Aptos, Canton, Lido DAO, Monad, NEAR Protocol, Plasma, PAX Gold and Uniswap. Aave, Uniswap and PAX Gold are also available through Paxos Trust Company.
Interactive Brokers currently lists 20 crypto assets on its platform, including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Solana, Cardano, XRP, Dogecoin, Avalanche, Chainlink and Sui.
Solana, Cardano, XRP and Dogecoin were added in March 2025. The four assets joined Bitcoin, Ethereum, Litecoin and Bitcoin Cash, which were already available through the brokerage.
“We believe digital assets should be integrated into a client’s broader financial experience, not treated separately,” Interactive Brokers CEO Milan Galik said.
Stablecoin funding and withdrawals are processed around the clock, including weekends and holidays. Clients can use the funds to trade stocks, options, futures, currencies, bonds, funds, crypto assets and prediction contracts across more than 170 global markets.
Crypto commissions range from 0.12% to 0.18% of the trade value, with a minimum charge of $1.75 per order. Interactive Brokers does not charge additional spreads, markups or custody fees.
Eligible clients can also transfer supported crypto assets between their Interactive Brokers accounts and custodial or noncustodial wallets.
Stablecoin deposits and withdrawals are not available to clients of Interactive Brokers U.K. Limited or Interactive Brokers Ireland Limited. The newly added crypto assets are also unavailable to clients of the Irish entity.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Starting today, PayPal USD (PYUSD) is issued natively on Polygon Chain through Paxos and available through the Polygon Open Money Stack (OMS), enabling businesses to move federally regulated onchain dollars across borders through a single integration, with regulated payins, payouts, and compliance built in.
Businesses already processing payments on Polygon can access PYUSD directly, through the same wallets, ramps, and compliance tooling they are already using.
Polygon Chain settles more than $2.5 billion in stablecoin volume every day and has settled more than $2.6 trillion in total stablecoin volume.
PYUSD joins this infrastructure as a federally regulated dollar stablecoin. Paxos issues it under a national trust charter supervised by the Office of the Comptroller of the Currency (OCC), which makes it one of the largest US dollar stablecoins issued by a federally regulated entity.
For a regulated buyer, that federal backing means PYUSD meets the compliance bar that institutional and enterprise use cases require.
One integration, no assembly requiredPutting a stablecoin into production in your payments app used to mean assembling the pieces yourself.
A token on one service, payins and payouts through another, with compliance tooling hovering above it all, plus the engineering work of wiring them together.
We built the Open Money Stack to collapse that into a single integration. With PYUSD now native on Polygon Chain, a business can accept money from a card, bank account, or exchange balance, hold and move PYUSD across borders, and cash out to local currency through a single integration.
That consolidation shows up on the balance sheet. Settlement lands faster. Operational overhead drops because there is one vendor relationship to manage instead of several stitched together.
Who this is forStart with payroll. A company paying contractors across three countries can now run those payouts in PYUSD on infrastructure that already moves serious volume, without standing up its own banking and compliance stack. The same path opens for a marketplace settling with overseas sellers and a remittance app moving money into emerging markets. Fiat to stablecoin settlement and back, one integration, a federally regulated stablecoin at the center.
The people on the receiving end feel it too. Payouts arrive faster. Fewer transactions fail. Money lands in local currency without the delays and fees typical of correspondent banking.
What the partnership means"A stablecoin is only as useful as the places it can go and what it can do when it gets there," said Marc Boiron, CEO of Polygon Labs. "Bringing PYUSD natively into the Open Money Stack means a business can take money in, move it across borders, and cash it out in one integration, with compliance built in. When a federally regulated stablecoin is available on infrastructure that already moves money at scale, businesses stop asking whether stablecoin payments are ready and start asking what they can build with them."
"As the regulated issuer of PYUSD, our role is to bring trusted stablecoins to businesses and institutions wherever they need them," said Peter Jonas, Chief Revenue Officer, Paxos. "PYUSD is issued under a national Trust charter supervised by the OCC, and bringing it natively to Polygon puts a federally regulated, dollar-backed stablecoin on one of the most active networks for stablecoin payments. Businesses running on the Open Money Stack can now settle in PYUSD with confidence in the compliance and regulatory oversight that serious money requires."
Get startedPYUSD already operates across several networks and markets. Its native issuance on Polygon Chain connects it to the ecosystem where stablecoin payments are most active, and where the Open Money Stack provides the wallets, ramps, compliance, and cross-chain routing businesses need through a single integration.
For a builder, the next step is short. Point your existing Polygon integration at PYUSD and settle. The wallets, ramps, and compliance tooling you already use carry over.
Businesses and developers can get started at the Open Money Stack.
Crypto-related stocks in U.S. markets continued their rally during trading hours, with MARA surging 15.27%.
According to market data from BIT (bit.com), US-listed crypto-related stocks continued to strengthen during intraday trading. Details: Strategy (MSTR) rose 2.11%; Circle (CRCL) gained 0.83%; MARA Holdings (MARA) surged 15.27% after announcing the acquisition of a Texas-based 2000MW computing power park project company for up to $600 million; Riot Platforms (RIOT) climbed 6.1%.
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JPMorgan: The biggest risk for Bitcoin is not Strategy’s sell-off, but blockchain adoption that bypasses public chains and tokens.
JPMorgan Chase’s analyst team noted that the market views Strategy’s Bitcoin sale plan as a key risk for the crypto sector, but it is not a major structural threat to Bitcoin. The more fundamental risk lies in tokenization, payments, and settlements increasingly taking place on permissioned infrastructure that does not rely on public blockchains. If this trend continues, the entire crypto ecosystem could face a "structural downgrade"—marked by slower transaction activity, reduced liquidity, and weaker capital inflows—ultimately weighing on Bitcoin. The analysts stated bluntly: "In our view, a more significant risk stems from the way blockchain is adopted in traditional finance, which continues to bypass public, permissionless networks." The analysts explained that institutional adoption so far has clearly favored permissioned chains, as they offer advantages in privacy, KYC/AML controls, governance, throughput, legal accountability, and regulatory certainty, posing a competitive threat to public blockchains like Ethereum. If tokenized deposits are widely adopted—especially in non-transferable forms favored by regulators—it could reduce demand for stablecoins in institutional payments and settlements; SWIFT’s blockchain initiative and central bank digital currency (CBDC) projects such as the digital euro and digital renminbi further strengthen regulated alternatives. In the roughly $500 billion tokenized real-world assets market, while Ethereum currently holds a certain share, this likely reflects early-stage experimentation rather than the market’s long-term structure. As institutional adoption grows, issuance, custody, settlement, and lifecycle management will likely be conducted more on private or permissioned infrastructure that meets requirements for identity, confidentiality, and operational resilience, with public blockchains used only for distribution and limited secondary trading.
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Security Warning: Abnormal on-chain fund flows detected for the CodexField project on BNB Chain.
On-chain investigator Specter has issued a community security alert, warning of potential fund misappropriation risks associated with the CodexField project on BNB Chain. On-chain tracking shows the project has amassed over $85 million in funds. Specter detected abnormal on-chain fund flows yesterday: a wallet bridged 17.3 million USDT from TRON to Ethereum, then swapped the tokens for DAI via Bitget Swap on Polygon. So far, $6.5 million has been transferred out, while the remaining $10.8 million is still in transit. The funds were originally bridged from Ethereum to TRON roughly six months ago, and the source wallet is linked to CodexField’s deposit contract. Below are key addresses for users to verify on their own: EVM: 0xBc606358910b3720d136F0d4Ce12b759C270747a TRON: TQNTEYadFVVQeobBtctSjurJ5RpfBsTmqh, TAzpg8L1WkkzCxxZk8TYnvaRYahehh52MK Related deposit contract: 0x9E6A75b546B65E7B9D34E2c9aB8Fe224B9aA52AA Additional red flags: The project requires a minimum $100 deposit for participation. Blockchain security tool Blocksec MetaSuites initially labeled the deposit contract as "Fake CodexField", but Specter’s follow-up investigation found the contract is actually operated by the CodexField team itself. The project uses multiple domains and subdomains to collect user deposits, and the team previously shared these domains via official channels. Its fund flow pattern is unusual, deviating from standard fund management practices: the project bridges funds across multiple blockchains, routes them through intermediate wallets, and ultimately sends assets to centralized exchanges. Specter noted that based on on-chain activity, the project warrants high vigilance. It advises all users interacting with CodexField to exercise extreme caution until the team provides a transparent explanation of its fund movements.
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Post-quantum cryptography management platform QIZ Security closes $17 million seed round.
QIZ Security, a crypto posture and post-quantum cryptography (PQC) management platform, announced the completion of a $17 million seed funding round, led by Bessemer Venture Partners and Merlin Ventures, with participation from Evolution Equity Partners, Qbeat Ventures, Singtel Innov8, and Qino Cyber Capital. The capital will be used to accelerate product R&D and market expansion. QIZ Security was co-founded by Ben Volkow, Lenny Ridel, and Itan Barmes; the team has years of experience in cybersecurity, enterprise services, and post-quantum transformation, with Barmes previously leading Deloitte’s global quantum cybersecurity readiness team. Its platform helps enterprises identify and assess crypto asset risks and implement remediation measures, and is currently applied in industries including finance, telecommunications, healthcare, and critical infrastructure. It has also established partnerships with Cisco, AWS, Google, CrowdStrike, Deloitte, EY, and IBM, among others.
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Hyperliquid recommends that the U.S. Commodity Futures Trading Commission (CFTC) formally recognize that on-chain protocols are not required to register, and non-custodial wallets do not serve as financial intermediaries.
Hyperliquid Policy Center (HPC) and Phantom have jointly submitted comments to the U.S. Commodity Futures Trading Commission (CFTC) in response to the agency’s request for feedback on whether existing rules keep pace with the evolution of financial technology, proposing to explicitly extend the distinction between "building tools" and "operating regulated businesses" to on-chain markets. The comments note that software engineers have been developing matching engines for regulated futures trading platforms for decades, and the CFTC has never classified them as trading platform operators. However, developers in the digital asset sector have long lacked such clarity, forcing many to opt for offshore development. The current CFTC, led by Chairman Selig, is working to address this gap and carve out room for innovation for fintech firms in digital asset and derivatives markets. The two entities put forward three key recommendations: First, explicitly confirm that merely publishing on-chain protocol software itself does not require registration — a factor often decisive for engineers when choosing where to develop. Second, establish a clear path for the CFTC’s registration bodies to operate regulated functions using on-chain infrastructure, enabling trading platforms and clearinghouses to replace decades-old legacy systems with transparent infrastructure. Third, formalize Phantom’s recent no-action letter into official rules, eliminating the need for self-custody wallet providers to apply for approved exemptions on a case-by-case basis. HPC and Phantom stress that self-custody and transparent on-chain systems can embed investor protection directly into technology, while regulated intermediaries retain responsibility for issues that technology cannot resolve independently. This approach will bring the next generation of financial markets within reach of U.S. consumers.
1 hours ago
Micron raises its U.S. investment plan to $250 billion, betting on demand for AI memory chips.
Micron Technology plans to increase spending on its new U.S. factory to $250 billion to meet the surging demand for memory chips driven by the global artificial intelligence boom. The move adds $50 billion to Micron’s previously announced $200 billion commitment to expanding domestic U.S. chip manufacturing, covering projects in New York, Idaho, and Virginia. The expenditure is expected to run through 2035, and will help the company achieve its target of producing 40% of its DRAM products in the U.S. within the next decade.
PYUSD Goes Native on Polygon@PayPal's $PYUSD stablecoin is now live natively on the @0xPolygon blockchain, issued through @Paxos and integrated into Polygon's Open Money Stack (OMS) for global enterprise use. The move marks a meaningful expansion for the dollar-backed token, which launched in August 2023 on Ethereum, expanded to Solana in 2024, and has since reached a wider set of chains.
$PYUSD is a US dollar stablecoin issued by Paxos Trust Company and distributed through PayPal and Venmo. Paxos is regulated by the Office of the Comptroller of the Currency, and its reserves are fully backed by US dollar deposits, Treasuries, and equivalent cash instruments. Circulating supply sat near $3.5 billion in May 2026, up more than fivefold over the prior year.
One Integration for Cross-Border Enterprise PaymentsThe central appeal of placing $PYUSD inside the OMS is operational simplicity. The Open Money Stack is Polygon's stablecoin payments infrastructure, combining fiat on-ramps and off-ramps, wallet infrastructure, compliance, stablecoin orchestration, and onchain settlement in one open, vertically integrated platform. For businesses, that means executing federally regulated cross-border transactions through a single integration, without assembling separate pay-in, payout, and compliance layers.
The architecture addresses a pain point familiar to any payments team that has tried building stablecoin flows: vendor fragmentation. Most institutions currently stitch together separate compliance vendors, wallet providers, bridges, off-ramps, and chains. The Open Money Stack replaces multiple vendors with one integration, handling stablecoin routing underneath: on-ramp, settle, off-ramp.
The infrastructure is already operating at scale. Polygon Chain, the settlement layer of the OMS, can now support up to 5,000 payment transactions per second, putting it in the same throughput tier as traditional major payments networks, at a fraction of the cost. The OMS reports $54 billion in stablecoin transfer volume, 159 million unique wallet addresses, and an average transaction cost of $0.002, with live integrations by Revolut, Stripe, Flutterwave, and others.
The PYUSD integration positions both PayPal and Polygon at the front of an accelerating shift in enterprise payments. By March 2026, PayPal had extended access to users across 70 markets, including the United Kingdom, Singapore, Peru, and Guatemala, moving PYUSD from a US-only product toward a global one. Adding native Polygon support through the OMS gives enterprise clients a regulated, single-stack path to plug into that reach.
PayPal USD (PYUSD) has become natively available on Polygon through the Polygon Open Money Stack, giving businesses direct access to the regulated stablecoin across payment, compliance and fiat conversion services.
Summary
PayPal USD is now issued natively on Polygon through the Open Money Stack, giving businesses direct access to regulated stablecoin payments and settlements. The integration combines wallets, fiat ramps and compliance tools into a single system to simplify cross border payments and local currency payouts. The launch extends PayPal’s PYUSD expansion after February’s PYUSDx platform and follows Mastercard’s decision to support PYUSD for stablecoin settlements across multiple blockchains. According to a press release shared with crypto.news, Paxos-issued PYUSD is now issued natively on Polygon and integrated into the Polygon Open Money Stack, allowing businesses already processing payments on the network to access the stablecoin through the wallets, fiat ramps and compliance tools they already use.
Native PYUSD arrives on Polygon According to Polygon Labs, the integration removes the need for businesses to connect separate providers for stablecoin issuance, fiat on and off ramps, compliance, and payment infrastructure. Instead, companies can accept payments from cards, bank accounts or exchange balances, settle in PYUSD across borders and convert funds back into local currencies through a single integration.
The company said the simplified setup reduces engineering work, lowers operating costs and speeds up settlement by combining regulated fiat access and compliance services within the same payments infrastructure.
Polygon Labs noted that its network has settled more than $2.6 trillion in stablecoin transactions to date and is already used by companies including Revolut and Stripe. Businesses already running payments on Polygon can now access PYUSD without changing their existing infrastructure, the company added.
Businesses target cross-border payments According to Polygon Labs, businesses such as payroll providers, online marketplaces and remittance platforms could use PYUSD to pay contractors, settle with international sellers and move money into overseas markets without building their own banking and compliance systems. The company said end users could benefit from quicker payouts, fewer failed transactions and faster conversion into local currencies.
PYUSD is issued by Paxos under a national trust charter supervised by the Office of the Comptroller of the Currency, making it one of the largest U.S. dollar stablecoins issued by a federally regulated entity. Polygon Labs said pairing the regulated stablecoin with its licensed fiat ramps provides businesses with a compliant path between traditional financial systems and on-chain settlement.
“A stablecoin is only as useful as the places it can go and what it can do when it gets there,” Polygon Labs CEO Marc Boiron said, adding that bringing PYUSD into the Open Money Stack allows businesses to receive payments, move funds across borders and cash out through a single integration with compliance built in.
“PYUSD is issued under a national Trust charter supervised by the OCC, and bringing it natively to Polygon puts a federally regulated, dollar-backed stablecoin on one of the most active networks for stablecoin payments. Businesses running on the Open Money Stack can now settle in PYUSD with confidence in the compliance and regulatory oversight that serious money requires,” Peter Jonas, chief revenue officer at Paxos, added.
The rollout adds another expansion for PYUSD after PayPal and MoonPay introduced the PYUSDx platform in February, allowing developers to launch application-specific stablecoins backed by PYUSD without building payment infrastructure from scratch. At the time, the companies said growing stablecoin adoption had increased demand for faster deployment of custom digital currencies.
The launch also follows Mastercard’s June decision to add PYUSD alongside five other regulated dollar-backed stablecoins to its settlement network across multiple blockchains, including Polygon. Mastercard said the service would allow participating financial institutions to settle card transactions outside traditional banking hours while maintaining its existing security and compliance standards.
Key TakeawaysNative PYUSD Integration with Polygon’s Payment InfrastructureStablecoin Transaction Volume Highlights Polygon’s Payment FocusRegulated Stablecoin Settlement Through Paxos PayPal USD arrives on Polygon natively via Paxos for streamlined business transactions. The Open Money Stack from Polygon now supports PYUSD alongside wallets and fiat conversion. Companies gain access to integrated settlement and cash-out capabilities in one platform. Polygon reports handling $2.6 trillion in stablecoin transaction volume. Paxos delivers regulated, dollar-backed PYUSD to Polygon’s payment ecosystem. PayPal’s stablecoin has officially launched on Polygon via a Paxos partnership, marking a significant expansion in its payment capabilities. This development provides companies with native access to PYUSD through Polygon’s comprehensive payment framework. The integration combines regulated dollar-backed settlement with digital wallets, fiat on-ramps, and built-in compliance infrastructure.
Native PYUSD Integration with Polygon’s Payment Infrastructure Paxos has introduced native PYUSD issuance on Polygon, eliminating the need for bridged token versions. Consequently, companies can now leverage the stablecoin across Polygon’s entire payment ecosystem. This framework enables deposits, transfers, settlements, and fiat conversions within a unified architecture.
NEW: @PayPal USD (PYUSD) is now issued natively on Polygon Chain and built into the Open Money Stack.
Send a stablecoin built for payments across borders, and settle it on the chain already doing billions in payments volume every day. pic.twitter.com/5KiUITZqs4
— Polygon | POL (@0xPolygon) July 9, 2026
The Open Money Stack from Polygon integrates digital wallets, fiat gateway services, regulatory compliance features, and stablecoin settlement capabilities. This unified approach allows companies to minimize the need for multiple payment provider integrations. The infrastructure accommodates various payment methods including card transactions, bank transfers, exchange operations, and stablecoin flows.
This integration specifically addresses the needs of organizations requiring accelerated cross-border transactions and simplified operational workflows. Payroll service providers, digital marketplaces, and money transfer services can leverage PYUSD for global payment processing. These companies can transfer value and convert to fiat without developing proprietary banking infrastructure.
Stablecoin Transaction Volume Highlights Polygon’s Payment Focus According to Polygon, its blockchain has facilitated over $2.6 trillion in stablecoin transaction volume. This substantial figure demonstrates the network’s established foundation in payment-oriented stablecoin operations. It also illustrates why integrating PYUSD aligns with Polygon’s comprehensive settlement approach.
Major companies including Revolut and Stripe currently utilize Polygon for payment operations. Businesses already operating on Polygon can incorporate PYUSD without overhauling their existing technology stack. This compatibility reduces technical overhead and accelerates implementation timelines.
According to Polygon Labs, the Open Money Stack enables organizations to accept payments and facilitate cross-border fund movement. It also provides currency conversion to local denominations through a single integration point. This architecture creates a more direct connection between conventional financial systems and blockchain-based settlement.
Regulated Stablecoin Settlement Through Paxos PYUSD is minted by Paxos and maintained through dollar-denominated reserve assets. Paxos states that the stablecoin functions under a national trust charter with OCC oversight. This regulatory framework positions PYUSD among the supervised dollar-backed stablecoins operating in the U.S. market.
The Polygon deployment provides PYUSD with access to another significant blockchain network for payment and settlement operations. This expansion reflects the broader trend of stablecoin integration by payment companies and financial technology providers. Earlier this year in June, Mastercard incorporated PYUSD into its settlement infrastructure across multiple blockchain platforms.
PayPal and MoonPay also unveiled PYUSDx this year for customized stablecoin applications. This platform enables developers to create stablecoins supported by PYUSD reserves without constructing payment infrastructure independently. Collectively, these initiatives demonstrate PYUSD’s strategic expansion into mainstream payment systems.
Oliver Dale
Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]
Paxos is looking to expand its presence in the European Union through a new deal for Finland-licensed e-money platform Membrane Finance.
Paxos, which issues stablecoins such as Pax Dollar, PayPal USD (PYUSD), and Pax Gold (PAXG), disclosed the potential deal in an announcement on Nov. 19. According to the update, acquiring Membrane Finance will support Paxos’ expansion efforts in the EU.
The acquisition of Membrane Finance, an electronic money institution licensed in Finland, is seen as key to Paxos’ issuance of stablecoins and tokenized assets that comply with the EU’s Markets in Crypto-Assets regulations. Paxos, which recently unveiled the yield-bearing regulated U.S. dollar-backed stablecoin Lift Dollar, plans to leverage Membrane Finance to bring its regulated products to European customers.
Commenting on the deal, Paxos head of strategy Walter Hessert stated:
“Stablecoins offer a global solution to challenges that countless people and companies feel when it comes to money movement and payments… With Membrane, we expect to extend our reach to EU customers looking to benefit from stablecoins.”
Paxos and Membrane Finance have agreed to terms for the acquisition, which is now subject to regulatory approval. Meanwhile, the Markets in Crypto-Assets regulations are set to take effect across the EU on December 30, 2024.
Paxos has already secured regulatory approval from authorities such as the New York State Department of Financial Services, the Monetary Authority of Singapore, and Abu Dhabi Global Market’s Financial Regulatory Services Authority.
The company has raised over $540 million in capital from venture capital firms, including Founders Fund, Oak HC/FT, Declaration Partners, and PayPal Ventures.
Paxos, one of the leading regulated stablecoin issuers and tokenization platforms, has filed for regulatory approval to become a national trust bank.
Summary
Paxos has applied for a national trust charter license from the Office of the Comptroller of the Currency. The crypto company eyes regulatory approval to convert its New York issued charter to a national trust charter. Paxos joins Circle and Ripple among companies seeking banking licenses in the U.S. Paxos, which issues PayPal USD (PYUSD) and Pax Dollar (USDP) stablecoins, announced that it is looking to convert its New York Department of Financial Services trust charter into a national trust bank charter.
The company’s application for a trust bank license is with the Office of the Comptroller of the Currency. Approval to convert from an NYDFS-regulated trust to a national charter would allow Paxos to manage and hold assets on its customers’ behalf. A national trust charter would also allow the Pax Dollar issuer to accept cash deposits and offer loans under applicable regulation.
“For over a decade, Paxos has set the bar for regulatory oversight and compliance,” said Charles Cascarilla, chief executive officer and co-founder of Paxos. “By applying for a national trust bank charter, we are continuing to offer enterprise partners and consumers the safest, most trusted infrastructure available.”
Circle, Ripple also eye banking licenses Paxos became the first blockchain firm to obtain a limited trust charter from NYDFS in 2015. The company first filed for a national bank license in 2020, and regulators gave preliminary conditional approval in 2021. However, the application hit a snag and expired in 2023.
Commenting further on the fresh application, Paxos CEO Charles Cascarilla, said:
“This is rooted in our belief in the transformative power of blockchain as a force for financial freedom. OCC oversight will help build on our historic commitment to maintaining the highest standards of safety and transparency.”
OCC oversight will add to regulatory milestones across Europe and Asia with the Finnish Financial Supervisory Authority, the Monetary Authority of Singapore, and Abu Dhabi Global Market’s Financial Services Regulatory Authority.
The move also sees Paxos join other top digital asset platforms and companies eyeing banking licenses in the United States.
Circle, the publicly-traded stablecoin issuer of USDC (USDC) and Ripple, the company behind the XRP (XRP) cryptocurrency and Ripple USD stablecoin, recently filed for national trust bank charters. At the moment, Anchorage Digital is the only U.S.-based digital asset platform with a national trust bank charter.
Tron has been making headlines after bouncing strongly from its recent low. On September 6, the token slipped to fresh cycle lows, raising concerns among traders. However, since then, Tron has staged an impressive comeback, climbing more than 18% and now testing local resistance levels. This rebound signals renewed strength in the network and growing investor confidence in its role within the broader crypto ecosystem.
Adding fuel to this recovery, Tron announced yesterday that PayPal USD (PYUSD) will now be available on the TRON network through Stargate Hydra as a permissionless token, PYUSD0, leveraging LayerZero’s Omnichain Fungible Token (OFT) Standard. This integration reflects the joint efforts of PayPal and LayerZero to expand PYUSD’s availability across multiple blockchains, ensuring the stablecoin can seamlessly reach markets and users through LayerZero’s powerful distribution network.
The addition of PYUSD0 to Tron’s ecosystem not only strengthens its relevance in the stablecoin market but also demonstrates the chain’s ability to attract high-profile integrations. With stablecoins becoming a central part of global digital finance, Tron’s alignment with PayPal USD marks a key milestone that could reinforce adoption, boost liquidity, and sustain momentum in the weeks ahead.
Tron Gains Momentum With PYUSD0 Expansion According to a recent announcement from LayerZero, the launch of PYUSD0 marks a significant step forward for PayPal USD and its reach across the crypto ecosystem. PYUSD0 extends PayPal’s stablecoin beyond its native deployments on Arbitrum, Ethereum, Solana, and Stellar, bringing it to Abstract, Aptos, Avalanche, Ink, Sei, Stable, and Tron, with even more chains expected to be added in the near future. Furthermore, existing permissionless versions on Berachain (BYUSD) and Flow (USDF) will upgrade to PYUSD0, creating a unified and standardized deployment of the stablecoin across multiple networks.
Importantly, no action will be required by end users. Whether someone holds PYUSD or PYUSD0, the result is one unified PayPal USD stablecoin—fully fungible and interoperable across blockchains. This guarantees seamless usability and ensures that holders can transact, transfer, and integrate PYUSD in applications without worrying about compatibility issues.
For Tron, this development is particularly meaningful. The chain has long been a hub for stablecoin activity, and the integration of PYUSD0 adds to its reputation as a key player in the digital finance ecosystem. By joining PayPal and LayerZero’s multi-chain strategy, Tron stands to benefit from increased liquidity, adoption, and developer activity within its ecosystem.
With PYUSD0, Tron not only secures a stronger position in cross-chain finance but also highlights its ability to attract mainstream integrations that resonate with both retail and institutional users. As the stablecoin market expands, this move could drive long-term adoption and strengthen Tron’s place in the next phase of crypto growth.
TRX Price Analysis Tron (TRX) is showing resilience after its sharp dip earlier this month, with price currently trading around $0.3475. The chart highlights a steady recovery, supported by the 50-day moving average (blue line) at $0.3023, which has acted as dynamic support throughout the recent uptrend. This suggests that despite volatility, buyers remain in control and are defending key levels.
TRX consolidates below resistance | Source: TRXUSDT chart on TradingView Since June, TRX has gained significant momentum, moving from the $0.25 range toward its current levels. The recent correction in September briefly tested the $0.32 area, but pthe rice quickly bounced, indicating renewed demand. Both the 100-day ($0.2738) and 200-day ($0.2055) moving averages are trending upward, reinforcing the broader bullish structure.
Resistance remains visible in the $0.36–$0.38 zone, which capped the last rally in late August. A breakout above this level would likely open the path toward $0.40 and beyond, signaling strength in line with the broader market’s optimism following the Fed’s recent policy shift.
Featured image from Dall-E, chart from TradingView
Bank of America (BofA), the second largest bank in the United States, has hinted at plans to roll out its USD-backed stablecoin.
Brian Moynihan, the CEO of BofA, made the disclosure in an interview with David Rubenstein at the Economic Club of Washington D.C. During the interview, Moynihan emphasized that the stablecoin business is imminent and poised to go mainstream soon.
He referred to stablecoins as digital assets backed by fiat currencies, like the U.S. dollar. Notably, Moynihan suggested that these digital assets can function like a money market fund or bank account.
With Moynihan expecting stablecoins to go mainstream, he revealed that the second-largest U.S. bank may introduce a stablecoin, referred to as the BofA token, tied to U.S. dollar deposit accounts. However, he noted that the bank would only launch the digital asset if the U.S. government legalized stablecoins.
Ongoing Efforts to Regulate USD Stablecoins It bears mentioning that the United States government is pushing to pass stablecoin legislation. Last year, Rep. French Hill (R-AR) disclosed that the United States Congress will prioritize crypto legislation, including those relating to stablecoins, in 2025.
Due to its aggressive stance toward crypto, the previous administration sabotaged efforts to pass stablecoin regulation. However, crypto enthusiasts are optimistic that the U.S. will soon welcome favorable legislation for stablecoins.
This speculation is driven by Donald Trump’s executive order for the digital asset markets. The order mandates a presidential committee to establish crypto regulation at the federal level.
Specifically, the order pushes for the sovereignty of the U.S. dollars by promoting the growth and development of dollar-backed stablecoins globally.
BofA Faces Stiff Competition From Established Stablecoin Issuers Should the government establish the necessary regulation, BofA may launch its own dollar-backed stablecoin. However, the bank faces stern competition from established brands like Tether (USDT) and USD Coin (USDC).
Currently, stablecoins USDT and USDC have valuations of $142.02 billion and $56.25 billion, respectively. They account for 86.55% of the $229.06 billion global stablecoin market valuation.
Other dominant USD-backed stablecoins include Ethena USDe (USDe), Dai (DAI), First Digital USD (FDUSD), and PayPal USD (PYUSD). These stablecoins are worth $5.87 billion, $5.36 billion, $2.13 billion, and $703.38 million, respectively.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
YouTube takes a new step in the evolution of digital payments by integrating PayPal’s stablecoin, PYUSD, to pay its American creators. This decision, announced in December 2025, marks a turning point for the content industry and cryptos. Analysis of an innovation that could well redefine online monetization standards.
In brief YouTube now allows American creators to receive their revenues in PYUSD, the stablecoin issued by PayPal. Stablecoins are gaining ground among technology giants, with players like Facebook also exploring this solution to pay creators. The collaboration between YouTube and PayPal could accelerate the adoption of PYUSD and transform online payments, despite regulatory and competitive challenges. Stablecoin: YouTube authorizes payments in PYUSD for American creators YouTube has just formalized the use of PYUSD, PayPal’s stablecoin, to compensate its creators based in the United States. This initiative currently concerns only revenues from advertising monetization, subscriptions, and super chats. Payments are made via PayPal or compatible crypto wallets, offering an alternative to traditional bank transfers.
Creators will benefit from nearly instant transactions, compared to several days with traditional methods. Reduced fees and the option to keep revenues in PYUSD or convert them to dollars add appreciated flexibility. However, this option remains limited to the United States, excluding international creators for now.
However, YouTube’s adoption of the PYUSD stablecoin raises questions about regulation and compliance, notably in terms of anti-money laundering. Despite these challenges, YouTube bets on this innovation to attract and retain talent while simplifying financial management for an increasingly digital-oriented community.
Stablecoins, new payment tools for tech giants Stablecoins are gradually establishing themselves as a preferred payment solution for tech companies. Beyond YouTube, Facebook (Meta) is also exploring this path to pay its creators, thus accelerating the transition to decentralized financial systems. These digital assets, backed by stable currencies like the dollar, offer speed and security.
For creators, this means revenues accessible faster and at lower costs, a major advantage in a competitive sector. However, if each tech giant develops its own solution, the risk of market fragmentation becomes real, complicating user experience.
Crypto: Could the PayPal – YouTube collaboration boost PYUSD? PYUSD, launched by PayPal in 2023, is a regulated stablecoin designed to facilitate digital transactions. Its integration by YouTube could make it a key player in the sector, thanks to the platform’s huge user base. Massive adoption could strengthen its credibility and liquidity, attracting other strategic partnerships. Yet, PYUSD’s success will depend on its ability to differentiate from established competitors like USDC or USDT.
Furthermore, American regulators, attentive to systemic risks, could also influence its development. However, if YouTube manages to convince its creators, PYUSD could become a standard for online payments. A collaboration that could inspire other platforms to adopt similar solutions, thus accelerating crypto adoption in the digital economy.
YouTube and PayPal’s PYUSD stablecoin therefore enter a new era of digital compensation. One day, undoubtedly, cryptos will definitively replace the traditional banking system. But for now, the content industry has just crossed a decisive milestone… And you, would you be ready to adopt stablecoins for your daily transactions?
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Eddy S.
The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
The onchain credit protocol announced a partnership with PayPal. The goal is to integrate PayPal USD or PYUSD as a settlement asset for AI infrastructure financing. The goal is to make it easier for builders and companies to fund the hardware and services that power modern AI. The idea is to use stable digital dollars instead of complex banking setups.
Why PYUSD Matters for AI Financing USDAI and PayPal are launching a customer incentive program. It offers a 4.5% return on up to 1 billion dollars in deposits. The program is expected to begin in January 2026 and will apply to all USDai deposits up to that cap. The incentive is designed to attract liquidity and help scale the use of stablecoins. This is across AI driven payments, financing, and automated commerce.
USDAI is partnering with @PayPal to integrate $PYUSD as a settlement asset for AI infrastructure financing.
To support adoption, PayPal and USDAI are launching a customer incentive program offering 4.5% on up to $1 billion in USDai deposits, expected to begin in Jan 2026. pic.twitter.com/lwEKqum9mF
— USD.AI | Public Launch is Live (@USDai_Official) December 18, 2025
With this integration, USDAI can issue loans directly in PYUSD and settle them into PayPal accounts. That means a startup building an AI model can borrow funds onchain and pay real world expenses. This is without jumping between systems. GPUs, data center space, rentals. Also, without software subscriptions can all be paid using a single dollar based rail.
Also, USDAI is continuing its work with m0 as institutional stablecoin rails move deeper into onchain credit markets. Together, these efforts position GPUs as institutional grade collateral. also, to place PYUSD and USDai at the center of global AI infrastructure finance.
More About PYUSD PayPal is stepping into the next generation of shopping with its support for Google’s new Universal Commerce Protocol, or UCP. As AI agents increasingly help consumers search, compare, and decide what to buy. PayPal aims to make payments seamless, secure, and interoperable. With this collaboration, PayPal will soon be available as a payment option within Google’s AI-powered checkout. This will allow merchants to sell products directly in Google Search and the Gemini app.
Excited to share @PayPal‘s support of @Google‘s Universal Commerce Protocol (UCP) as the next phase of our expanded partnership announced last fall.
This is a milestone moment making agentic commerce a reality for consumers.
Let’s go @sundarpichai! 🚀 pic.twitter.com/9QCZo04n67
— Alex Chriss (@acce) January 12, 2026
Finally, Michelle Gill, PayPal’s GM of Small Business and Financial Services. He emphasized that building open and trusted infrastructure is key to the future of commerce. By joining UCP, PayPal is helping make agentic commerce. So, this is where AI guides purchasing decisions—safe, convenient, and widely accessible for consumers and businesses alike.
Disclaimer The information provided by Altcoin Buzz is not financial advice. It is intended solely for educational, entertainment, and informational purposes. Any opinions or strategies shared are those of the writer/reviewers, and their risk tolerance may differ from yours. We are not liable for any losses you may incur from investments related to the information given. Bitcoin and other cryptocurrencies are high-risk assets; therefore, conduct thorough due diligence. Copyright Altcoin Buzz Pte Ltd.
Cover image via youtu.be Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
TL;DRXRP/BTC rebound: After a nerve-wracking dip toward 0.000018, XRP reclaimed the 0.00002088 level versus Bitcoin, effectively dodging a catastrophic breakdown as the month of February expires.Buterin’s philanthropy: Ethereum’s founder follows his plan to donate 7,386 ETH ($15.51M) to open-source and biotech projects with new selling on-chain.SHIB versus PYUSD: A $400 million valuation gap is all that stands between Shiba Inu and PayPal USD, and historical March volatility suggests a ranking reshuffle is back on the menu.XRP news: XRP escapes breakdown versus Bitcoin in FebruaryAs the final full week of February 2026 begins, the digital asset market is revealing that the XRP/BTC pair displayed by TradingView is providing a masterclass in "clinging to the edge." For much of the month, the chart resembled a slow-motion crash, with XRP teetering on the brink of a new multi-year low against the largest cryptocurrency.
However, the monthly close tells a different story, one of stubborn resilience. Closing near 0.00002088 on Binance, XRP managed to avoid a definitive settlement below 0.00002 BTC — a price point where the foundational middle Bollinger Band is stretched on the monthly XRP/BTC chart by TradingView — which would have signaled a "lights out" scenario for bulls.
XRP/BTC Monthly Chart by TradingViewExamining the chart reveals a substantial upper wick from earlier in the year near 0.000030 — a faint memory of a rally that failed to endure — yet the underlying structure remains curiously unbroken. While the lower Bollinger Band is creeping up toward 0.00000813, suggesting that the long-term floor is rising, the immediate concern is the mid-band rejection. However, the higher-low sequence established in late 2024 remains the dominant narrative.
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As long as the 0.000018 panic wick from earlier this month is not breached on a closing basis, the "breakdown" will remain a "shakeout."
On the daily chart, the technical tug-of-war is even tighter. XRP is currently sandwiched between its short-term moving averages at 0.00002083 and 0.00001969 per BTC. With Bitcoin maintaining a dominant posture in Q1, XRP is not looking to lead the market.
However, its refusal to collapse suggests that liquidity is rotating back into the "old guard" just as the bears were getting comfortable. If XRP can punch through 0.0000219 next week, the conversation will shift from survival to a potential recovery to 0.000024 per BTC.
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Ethereum news: Vitalik Buterin keeps selling ETH for charityWhile technical traders scrutinize XRP’s candles, Vitalik Buterin reminds the market that Ethereum is, at its core, a social utility tool. The Ethereum co-founder has been systematically selling portions of his holdings, but the on-chain data offers a much more sophisticated picture than the "dump" narrative suggests.
Since Feb. 2, Buterin has moved 7,386 ETH, netting approximately $15.51 million at an average realized price of $2,100. The donations continued this weekend.
Vitalik Buterin's Latest On-Chain Activity by ArkhamThe latest move, originating from the now-famous "0xfEB0...03B2" address, saw 428.57 ETH converted into about $850,178 worth of GHO. These funds are earmarked for high-impact sectors, such as biomedical research (like the Kanro Foundation) and open-source software development.
What’s interesting here is the "how." Buterin is not selling on the market on Coinbase and driving down the price for everyone else. Instead, he is using CoW Swap and Aave, leveraging batch auctions and decentralized liquidity protocols to ensure his transactions have the least possible impact on the order books.
Even after these million-dollar distributions, Buterin remains the heavyweight champion among individual ETH holders, with over 240,000 ETH (equal to around $467 million).
SHIB news: Shiba Inu's (SHIB) path to dethroning PayPal USDFinally, in this morning's crypto update, the market is witnessing a showdown between the largest meme coin on Ethereum and a stablecoin backed by a global payments giant as Shiba Inu (SHIB) inches closer to overtaking PayPal USD (PYUSD) in the CoinMarketCap ranking. With SHIB's market cap at around $3.67 billion and PYUSD at $4.07 billion, the difference is only $400 million. In a market as volatile as we have seen this February, that is essentially a rounding error.
SHIB is currently trading at $0.000006239, and while its monthly performance has been lackluster — down about 8.31% in February — history suggests that "SHIB Season" is approaching. Looking back at February 2024, it was a modest precursor to a massive 145% explosion in March. If history repeats itself, the current 24-hour trading volume of $96 million could be the calm before the storm.
CoinMarketCap Ranking with PayPal USD and Shiba Inu (SHIB)The "dethroning" of PayPal USD would be a substantial symbolic victory. PYUSD is designed to stay pinned to $1.00, and its market cap only grows when new institutional money enters the PayPal ecosystem. SHIB, on the other hand, grows through retail enthusiasm and ecosystem expansion. If SHIB can reclaim the $4 billion valuation threshold, it will not just surpass a stablecoin but also signal a shift in market psychology from "defensive stability" to "speculative appetite."
To achieve this in March, SHIB must clear the $0.0000069 resistance level. If it fails, the likely path is a slide back to $3.3 billion, but with the "March effect" looming, the big players are probably keeping a close eye on that $400 million gap.
XRP, ETH, SHIB: Key levels to watch last week of FebruaryAs we transition into the final days of February and look toward a fresh March monthly open, the road map for these three assets is clearly defined by structural floors rather than speculative ceilings.
XRP and Bitcoin (BTC): The line in the sand is 0.0000205. If we close a daily candle below this, the "escape" was a fake-out, and we go back to testing the 0.000018 abyss. On the flip side, a move above 0.0000219 validates the monthly recovery.Ethereum (ETH): The $1,900-$2,100 pocket is the battlefield. We need to see ETH hold this level despite the ongoing $15M+ distribution from Buterin. If it holds, the next stop is to reclaim $2,250.Shiba Inu (SHIB): Forget the price for a second and watch the $4.0 billion market cap. This is the psychological trigger point. If SHIB’s valuation crosses this line, expect a surge in "flippening" narratives that could carry it toward the $0.0000075 price target.The market is not screaming for a moonshot yet, but it looks like it is done falling. We are in the "digestion phase," where smart distributions and defenses set the stage for the next major leg.
PANews reported on February 27th that, according to Cointelegraph, payment giant PayPal, in partnership with MoonPay and stablecoin platform M0, has launched PYUSDx. This product aims to help developers create stablecoins pegged to the US dollar and backed by PayPal USD (PYUSD) for use within specific applications, platforms, or ecosystems. The product is scheduled to officially launch next month.
PYUSDx is a tokenization and issuance framework provided by MoonPay Digital Assets, independent of the native PYUSD. Developers can leverage this framework to quickly launch branded, cross-chain-enabled stablecoins with reserve transparency, without having to build monetary infrastructure from scratch. Currently, the DeFi protocol USD.ai has become the first developer to build a dedicated stablecoin for AI infrastructure on this platform. It's important to note that the PYUSDx token is independent of PayPal USD and cannot be directly used, sent, or stored in PayPal or Venmo accounts.
PayPal, MoonPay and M0 are launching PYUSDx, a platform that lets developers issue branded tokens backed by PayPal USD.
The product is designed to allow app developers to launch their own dollar pegged tokens without building reserve and compliance infrastructure from scratch. The rollout is scheduled for next month.
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“The next phase of stablecoin adoption is happening at the application layer,” said May Zabaneh, PayPal’s head of crypto.
PYUSDx merges M0’s token issuance technology with MoonPay’s operational tools, allowing launches in days rather than months. The framework supports deployment across multiple blockchains and offers transparent reserve reporting.
USD.ai, a decentralized finance protocol focused on AI infrastructure, will be the first builder on the platform, creating a purpose-built stablecoin for its ecosystem.
Tokens created through PYUSDx remain distinct from PayPal USD itself and cannot be held or transferred via PayPal or Venmo wallets.
PayPal USD, introduced in August 2023 through Paxos Trust Company, has expanded steadily and is currently the sixth-largest stablecoin by market capitalization, with more than $4.1 billion in circulation, according to CoinGecko data.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
TLDR: PYUSDx allows developers to launch application-specific stablecoins backed by PayPal USD without building full issuance systems. The platform combines MoonPay distribution tools with M0’s token framework for faster stablecoin deployment. PYUSDx tokens remain separate from PayPal and Paxos products and cannot be used inside PayPal or Venmo apps. USD.ai is the first project using PYUSDx to power a stablecoin designed for AI infrastructure payments. Thestablecoin market is shifting toward tokens built for specific apps and ecosystems. MoonPay, M0, and PayPal have introduced PYUSDx as new infrastructure for issuing application-focused stablecoins.
The platform connects PayPal USD with developer tools designed for faster deployment. The move reflects rising demand for branded stablecoins that avoid complex back-end setup.
PYUSDx platform targets application-specific stablecoin growth PYUSDx allows developers to create their own stablecoins backed by PayPal USD without building full issuance systems. The platform combines M0’s token framework with MoonPay’s distribution infrastructure.
According to a joint announcement from MoonPay and M0, the goal is to shorten launch timelines from months to days. Developers can issue branded tokens tied directly to PYUSD reserves.
The companies pointed to data showing a sharp increase in new stablecoins exceeding $10 million in supply during 2025. That trend signals growing interest in application-level monetary systems.
PayPal described the initiative as part of a broader shift toward building financial tools directly inside apps. PYUSDx supports this approach by offering a standardized base layer for developers.
The framework also aims to reduce regulatory and operational complexity. PYUSD itself is issued by Paxos Trust Company, giving the backing asset a regulated foundation.
How PYUSDx connects developers to PayPal USD liquidity PYUSDx functions as a tokenization and issuance framework operated by MoonPay Digital Assets Limited. It enables third parties to create new stablecoins that remain fully backed by PayPal USD.
The platform supports cross-chain compatibility through M0’s ecosystem. Developers can deploy tokens across multiple blockchain networks using the same underlying reserve asset.
Reserve transparency forms another core feature. PYUSDx includes on-chain reporting tools and validation processes designed to show backing assets clearly.
The first project building on PYUSDx is USD.ai. The company is developing a stablecoin for payments tied to AI infrastructure services.
Regulatory distinctions remain central to the rollout. PYUSDx tokens are not issued by PayPal or Paxos and do not function inside PayPal or Venmo accounts.
MoonPay stated that licensing and compliance depend on the jurisdiction where each token launches. Responsibility remains with each issuer using the framework.
The companies framed PYUSDx as infrastructure rather than a consumer product. Its purpose is to let developers focus on product design while relying on existing stablecoin rails.
By connecting branded tokens to PayPal USD liquidity, the platform seeks to streamline how applications integrate stablecoin payments and settlements.
How Does the New Funding Model Work? TCS Blockchain, a transportation trade finance provider, is integrating PayPal USD (PYUSD) into its invoice financing workflow to offer same-day funding and onchain settlement for trucking carriers across North America.
Under the structure outlined by the company, carriers that complete delivery jobs can exchange the rights to their invoices for TCS utility tokens. Those tokens are then traded on the INX-Republic exchange for PYUSD. TCS subsequently collects the U.S. dollar payment from the shipper or broker when the invoice matures.
According to the release, financing flows “first move through TCS Token – on the INX-Republic exchange – and then through the PYUSD stablecoin.” The model is designed to shorten payment cycles that traditionally stretch from 30 to 180 days.
TCS says the integration could reduce costs by up to 90% compared with traditional invoice processes, while accelerating settlement.
Investor Takeaway If tokenized invoice funding gains traction, it could pressure traditional freight factoring firms by offering faster liquidity with lower fee structures.
Why Target Freight Factoring? Freight carriers often rely on factoring companies to access immediate cash. TCS noted that “carriers have been forced to sell freight invoices to factoring companies (financial intermediaries) to avoid 30-180 day pay terms – often surrendering 30% or more of their net revenues just to get paid.”
By tokenizing invoice rights and routing settlement through PYUSD, TCS is attempting to bypass that model. Instead of selling invoices at a discount to a third-party factor, carriers convert them into digital tokens and then into stablecoins, while TCS handles receivables collection.
The approach combines trade finance with blockchain settlement infrastructure. TCS settled its first freight invoice onchain in 2022 and reports that it has since utilized 30,000,000 TCS Tokens in B2B settlement flows.
Chief Executive Todd Ziegler said the company “is on pace” to record more than $1 billion in annual freight invoice flows in 2026.
What Role Does PYUSD Play? PayPal launched PYUSD in 2023 with support from Paxos. The dollar-backed stablecoin is integrated into PayPal and Venmo ecosystems and can be used for peer-to-peer transfers, merchant payments where PayPal is accepted, and cross-border remittances via Xoom.
By incorporating PYUSD into freight settlement, TCS is linking real-world trade receivables to a regulated dollar-backed digital token. In theory, this reduces settlement friction and gives carriers immediate access to a stable digital asset that can be converted or spent within PayPal’s network.
“With PayPal USD, TCS can offer even greater savings on invoice settlement to carriers, and the best fuel card on the market. The engagement is a tremendous win for truckers, freight brokerages, and at-scale carriers,” Ziegler said.
Investor Takeaway Stablecoins tied to major payment networks are moving beyond crypto-native use cases and into working-capital finance, where speed and cost can directly affect margins.
How Does This Fit Into PayPal’s Broader Strategy? PYUSD is currently among the largest stablecoins by market capitalization. Its use in trade finance extends its footprint beyond peer transfers and retail payments into business-to-business settlement.
PayPal’s equity performance has faced pressure over the past year, with the stock down more than 40% during that period. Shares were trading at $46.35 at the time of publication, up 1.58% on the session.
Reports have also surfaced that Stripe is exploring a potential acquisition of all or part of PayPal, though no transaction has been confirmed.
That said, the TCS integration adds a commercial invoice-financing use case to PYUSD’s portfolio. Whether trucking carriers adopt the tokenized structure at scale will depend on execution, liquidity on INX-Republic, and how reliably the process delivers faster funding compared with traditional factoring arrangements.
About the Author: Abdelaziz Fathi
Abdelaziz Fathi covers the intersection of forex/CFD brokerage, regulation, liquidity, fintech, and digital assets. With a B.A. in Finance and hands-on industry exposure, Aziz blends analytical rigor with clear storytelling to make complex market structure understandable for traders, brokers, and fintech professionals.
PANews reported on March 4th that, according to The Block, transportation trade finance provider TCS Blockchain announced the integration of PayPal USD (PYUSD) to provide same-day financing and on-chain settlement for freight invoices. Truck drivers can exchange invoices for TCS tokens, which can then be converted into the PYUSD stablecoin, thus avoiding the 30-180 day payment terms and over 30% revenue loss associated with traditional factoring companies. The company claims this solution can reduce costs by 90% and projects annual processing volume exceeding $1 billion by 2026.
PANews reported on March 9th that, according to CoinDesk, global insurance brokerage giant Aon, in collaboration with Coinbase and Paxos, has completed a proof-of-concept test of stablecoin premium payments, using USDC (Ethereum) and PayPal USD (PYUSD, Solana) to settle insurance premiums. Aon stated that this is the first time a major global insurance brokerage has used stablecoins in premium settlement. Currently, cross-border premium settlements largely rely on bank clearing, which takes several days. This test aims to evaluate the potential advantages of on-chain payments in terms of settlement efficiency, cost, and transparency, and to prepare for the future introduction of stablecoins into the existing financial system, against the backdrop of the US passing the Genius Act, which establishes a federal regulatory framework for stablecoin issuers.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
TLDR: PayPal has expanded PYUSD to 70 global markets, giving millions of users access to the dollar-backed stablecoin. Users can now buy, hold, send, and receive PYUSD while earning rewards and converting funds to local currency. Merchants accepting PYUSD can receive payment proceeds within minutes, replacing slow traditional settlement cycles. PYUSD is a US federally regulated stablecoin, now live across Asia-Pacific, Europe, Latin America, and North America. PYUSD is now accessible to millions of users across 70 global markets through the PayPal wallet. PayPal made the announcement on March 17, 2026, marking a notable step for stablecoin adoption worldwide.
The dollar-backed digital currency supports faster cross-border payments and lower transaction costs. Users across Asia-Pacific, Europe, Latin America, and North America can now access the stablecoin directly from their PayPal accounts.
PYUSD Brings Stablecoin Access to New Global Markets PayPal first introduced PYUSD in the United States in 2023. Since then, the company has worked steadily to expand the stablecoin’s reach beyond its home market. This latest rollout opens the digital currency to users across four major global regions simultaneously.
Users in newly supported markets can buy, hold, send, and receive the stablecoin through their PayPal accounts. Eligible users can also earn rewards directly on their holdings.
Additionally, instant transfers to friends and family on PayPal or third-party digital wallets are now available. When withdrawing funds, users can also convert their balance to local currency for everyday spending.
PayPal took to social media to frame the expansion clearly. The company posted on X, stating: “Cross-border payments don’t have to be painful. PYUSD is rolling out to the PayPal wallet across 70 markets — enabling faster settlements, lower costs, and built for everyday global commerce.”
The post reinforced the company’s broader positioning around stablecoin utility. It also reflected the company’s push to make digital payments more accessible globally.
This expansion also builds on PayPal’s strategy to improve liquidity and utility for the stablecoin. A more widely adopted digital currency creates a stronger network effect for global payments. Both consumers and merchants benefit when it is available across more markets.
Faster Settlements and Business Liquidity Drive Expansion Merchants that accept PYUSD can receive proceeds within minutes rather than days or weeks. Traditional settlement cycles have long created cash flow delays for businesses operating across borders.
The stablecoin addresses this by providing faster access to funds after each transaction. Quicker settlements help merchants improve working capital management over time.
May Zabaneh, PayPal’s Senior Vice President and General Manager of Crypto, described the gap in the current system bluntly. She said: “The current system still charges too much, takes too long, and settles on timelines that were designed for a different era.”
She further noted that enabling PYUSD across 70 markets gives people faster access to funds and lower-cost ways to send money across borders. According to Zabaneh, this is what drives commerce forward for everyone.
Businesses can also benefit from lower foreign payment fees when using the digital currency. Reduced costs allow merchants to redirect resources toward operations and growth.
Cross-border payment inefficiencies have historically affected businesses of all sizes. PYUSD offers a more direct path to international commerce without relying on legacy banking infrastructure.
The stablecoin carries US federal regulation, which adds a layer of credibility and trust. Its regulatory standing makes it a reliable option for both consumers and businesses.
The dollar peg further supports stable purchasing power for users across different markets. Markets with current access include Colombia, Costa Rica, Singapore, the United Kingdom, and the Dominican Republic. PayPal confirmed that remaining markets will receive access in the coming weeks.
PayPal’s stablecoin finally leaves its American stronghold. The company has just announced its deployment in 70 countries, an expansion that confirms its global ambition. Facing the giants Tether and Circle, the battle for cross-border transfers is officially launched.
In brief PayPal deploys its PYUSD stablecoin in 68 new countries, bringing total coverage to 70 markets. Users can now receive, hold, and send PYUSD, with rewards on their holdings. The expansion targets Asia-Pacific, Europe, Latin America, and North America regions. A global offensive to democratize the stablecoin PayPal announces the expansion of its stablecoin PYUSD to 70 countries, covering Asia, Europe, Latin America, and North America. Until now limited to the United States and the United Kingdom, this deployment marks a change of scale. The goal is clear: to integrate the stablecoin at the heart of daily uses.
Practically, users can now send, receive, and hold digital dollars directly from their PayPal account. This evolution meets a real need, especially in emerging markets where international transfers remain costly and slow.
” Activating PYUSD in 70 markets offers users faster access to their funds, cheaper international transfers, and a more direct path to the global economy,” explains May Zabaneh, Head of Crypto at PayPal.
PYUSD acts here as an optimization lever. By removing certain banking intermediaries, it reduces frictions. In countries with strong monetary restrictions, it also allows retaining exposure to the dollar without immediate conversion.
Beyond simple transfers, users in new markets can also earn rewards on their PYUSD holdings, an advantage that enhances the stablecoin’s attractiveness compared to traditional bank accounts, often low-yielding in emerging countries.
A defensive… and offensive strategy against competition This expansion does not come out of nowhere. It occurs in a context of increased pressure on PayPal. Between the rise of solutions like Apple Pay or Google Pay, and the ambitions of Stripe, the group must reinvent itself.
The stablecoin then becomes a strategic tool. Since its launch in 2023 with Paxos, PYUSD has experienced rapid growth. Its market capitalization exploded by 600% in 2025, rising from about 500 million dollars at the start of the year to 4.1 billion dollars. It now ranks seventh worldwide among dollar-pegged stablecoins, according to CoinGecko.
Ranking of the eight largest dollar-pegged stablecoins by market capitalization. Source: CoinGecko This trajectory fits into an equally ambitious technical expansion strategy. In September 2025, PayPal had already extended PYUSD to nine new blockchains, including Tron and Avalanche, thanks to the LayerZero protocol. A diversification that strengthens the stablecoin’s liquidity and opens the way to broader DeFi uses.
Despite this momentum, competition remains fierce. Tether dominates largely with 171 billion dollars in capitalization, followed by Circle with 74 billion. Facing these giants, PYUSD remains modest. However, PayPal has a major asset: a base of over 430 million users and a solid reputation built over two decades in online payments.
Finally, the timing of this expansion is no coincidence. Both in the US and Europe, regulators are advancing on the framework for stablecoins. In this new regulatory context, established, compliant, and credible players have a competitive advantage that new entrants will find hard to match.
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Fenelon L.
Passionné par le Bitcoin, j'aime explorer les méandres de la blockchain et des cryptos et je partage mes découvertes avec la communauté. Mon rêve est de vivre dans un monde où la vie privée et la liberté financière sont garanties pour tous, et je crois fermement que Bitcoin est l'outil qui peut rendre cela possible.
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The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
PayPal’s stablecoin, PayPal USD (PYUSD), has reached a market capitalization of $4.11 billion, marking one of the fastest growth phases in the stablecoin space. The token has expanded rapidly since mid-2025, rising from around $500 million to over $4 billion.
In contrast, Ripple’s RLUSD, which once touched nearly $1.6 billion, has recently pulled back to around $1.42 billion.
PYUSD Growth Driven by Real Usage, Not HypePYUSD’s rise is not just about market cycles, it is driven by actual usage.
PayPal has expanded the stablecoin across 13 blockchain networks in 2025, including Ethereum, Solana, Arbitrum, and Stellar. This multi-chain approach allows users to move funds easily across networks, making PYUSD more accessible for both payments and DeFi.
A key push came through a LayerZero integration, which allowed PYUSD to move freely across nine additional chains.
On Solana alone, PYUSD became the second-largest stablecoin on the Kamino lending platform, with over $500 million in deposits. This shows strong demand beyond simple trading.
Even recently, Coinpedia news reported that YouTube announced that eligible U.S. creators can get paid directly in PayPal’s PYUSD stablecoin.
Yield and Rewards Attract UsersAnother key reason behind PYUSD’s growth is incentives.
PayPal introduced around 3.7% yield on PYUSD balances, giving users a reason to hold the token instead of just using it for transfers. The stablecoin is currently trading close to $1, maintaining its peg, while daily trading volumes range from $85 to $100 million.
On top of that, features like cashback rewards linked to PYUSD created a real use case for everyday users.
Ripple RLUSD Faces a Tough Competitive MarketPYUSD surged over 600% in 2025, rising to $4.11 billion in market cap, while RLUSD dropped from its peak to around $142 billion.
Ripple’s RLUSD started strong after its launch in late 2024. It quickly grew to nearly $1.6 billion by early 2026, showing early traction. However, growth later slowed, and it dropped to around $1.42 billion.
The main reason is strong competition.
RLUSD entered a market led by USDT at $184 billion and USDC at $77 billion, making it hard to grow fast.
It also depends on the XRP ecosystem, and with XRP down over 40% in 2026, interest has weakened.
Signs of a Comeback for RLUSDDespite the drop, RLUSD is not out of the race.
Ripple has been expanding its technology, allowing cross-chain transfers on networks like Base and Optimism, which improves its use in DeFi.
Recent data shows growth picking up again, suggesting a possible recovery phase.
With strong growth signals returning from March 31 onwards and new infrastructure coming online, RLUSD could be setting itself up for a run at new all-time highs in the months ahead.
Story Ends Here
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Crypto advances quietly, but it now leaves thick traces on the market table. In this large digital chessboard, stablecoins move their pawns with the coldness of a server room. They do not have the flair of bitcoin, nor the grimaces of memecoins. Yet, they already hold a good part of the liquidity, like a discreet queen behind louder pieces.
In brief The stablecoin market exceeds 323 billion after more than 1.5 billion weekly massive global inflows. Tether still locks the crypto ecosystem with nearly 59% current global stablecoin dominance. BlackRock, PayPal and Western Union quietly accelerate their strategic offensive in tokenized digital financial infrastructures. MiCA strongly boosts euro stablecoins, despite the persistent hegemony of the global digital US dollar. Stablecoins lock the chessboard with USDT as heavy king The stablecoin market climbs to 323.3 billion dollars, after 2 billion dollars of inflows in seven days. The push confirms a massive return to tokenized dollars, without much speculative fireworks.
Tether holds the lead with 189.7 billion dollars and 58.67% dominance. In other words, USDT remains the king at the center of the board, while its rivals are still searching for the perfect opening.
USDC shows a bumpier trajectory according to recent reports. A week earlier, it attracted 1.61 billion dollars and climbed to 78.96 billion. Then it gave up more than 950 million to fall back near 77.06 billion.
This fluctuation illustrates a stablecoin market that has become tactical, almost surgical. Crypto investors no longer just store cash on-chain. They move their reserves, test yields, arbitrate risks, and choose sides according to market depth.
Crypto sees BlackRock, PayPal and Western Union advancing their knights Behind Tether, several challengers advance without asking for permission. Sky’s USDS leaps 11.5% over the week and reaches 8.79 billion dollars. The 10 billion threshold is not far off.
DAI, its elder, remains fourth with 4.61 billion, despite slight erosion. World Liberty Financial’s USD1 also climbs 1.97%, with about 87 million additional inflows.
Then the game becomes more tense. Ethena’s USDe recovers 6.77%, after a period marked by painful withdrawals. PayPal’s PYUSD advances 1.32%, while BlackRock’s BUIDL gains 8.01%. USDG progresses by 9.63%, confirming appetite for new crypto products backed by the dollar.
The case of Western Union USDPT resembles a spectacular queen’s gambit: +597,568% in seven days. Yet its capitalization only reaches 1.5 million dollars. The figure shocks, but the piece remains tiny.
Old finance tests the terrain, without toppling the chessboard.
MiCA pushes the euro, but the dollar still holds the queen Europe also tries to move its pieces with MiCA. Euro stablecoins have more than doubled after the deployment of the European regulatory framework. Their capitalization was around 500 million dollars in May 2025, then 680 million according to Decta.
Token Terminal even reports an on-chain record of 774.2 million as of May 13, 2026. Ethereum concentrates 66.2% of this supply, confirming its role as dominant infrastructure.
Yet, the gap with the dollar remains violent. Euro stablecoins remain tiny compared to the hundreds of billions controlled by USDT and USDC. On the other hand, volumes grow fast. Decta talks about monthly transactions multiplied almost by nine, to 3.83 billion dollars.
EURC and EURCV particularly benefit from this clearer regulation. In the same setting, tokenized assets rise to 26.7 billion, supported by tokenized treasuries at 16.2 billion. The market prepares a programmable finance, with reserves, yield and compliance on the same square.
Squares to watch on the board Global stablecoin market: over 323 billion dollars currently; USDT dominates with nearly 190 billion in capitalization; USDS quickly approaches the strategic 10 billion threshold; Euro stablecoins: on-chain record exceeding 774 million; Tokenized treasuries: 16.2 billion, or 60.4% of the sector. Christine Lagarde nevertheless refuses to treat stablecoins as a simple nice innovation. The ECB president mainly fears a too powerful private digital dollar. Her antidote remains the digital euro, designed as a public dam against the tide of dollarized tokens.
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Mikaia A.
La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose
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