PYUSD has established itself as an investment instrument. But can this help the stablecoin become a mean of exchange?

Despite PayPal’s dominant position in the payments business, its stablecoin project, PYUSD, has stalled. Numerous integrations have not managed to attract users. The company is now subsidizing the stablecoin’s yield on DeFi platforms. Can this become a standard feature of private money?

PayPal and Paxos's promising stablecoin is lagging behind its rivals. PYUSD circulation has dropped, and new partnerships and integrations are rare and far from impressive.

The payment firm reported on Wednesday that it had received a subpoena from the SEC requesting information on its PYUSD stablecoin.

Crypto.com teams up with PayPal and Paxos to become a preferred PYUSD exchange as the novel stablecoin conquers markets.

On Monday, online payments processor PayPal announced the launch of its long-promised dollar-pegged stablecoin. The token was originally expected in Q1 2023, but was delayed following an SEC notice against issuing partner Paxos.