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Online Payments Giant PayPal Enables Cross-Border, Stablecoin-Funded Money Transfers for US Customers

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PayPal just rolled out a new service that allows users to fund their cross-border money transfers using PayPalUSD (PYUSD), the US dollar-pegged stablecoin that the online payments giant unveiled in August last year. In a new statement, PayPal says that US users of remittance provider Xoom can now convert the PYUSD in their PayPal account…

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PayPal incentivizes people to provide PYUSD liquidity on the curve

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In a historic move, payment processor PayPal has promoted PYUSD liquidity on Curve Finance, the world’s largest decentralized stablecoin exchange (DEX) by trading volume. PayPal promotes PYUSD liquidity via Curve This development, first reported by Stake DAO on January 10, has sent shockwaves through the crypto community, with many experts predicting that Curve is poised…

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PayPal to Launch Cryptocurrency Hub for Select Users

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The Cryptocurrency Center is key to PayPal reinventing itself as an inclusive crypto platform. The service will allow the sale and purchase of cryptocurrencies among other features. Payments giant PayPal, shortly after the launch of the stablecoin PayPal USD (PYUSD), updated its terms and conditions to introduce the Cryptocurrencies Hub, a feature that allows users…