Paypal’s PYUSD Stablecoin Reaches $1 Billion Market Cap in Just Over a Year
On Aug. 26, Paypal’s PYUSD stablecoin hit the $1 billion mark for the first time since its launch in August 2023. Initially rolled out on Ethereum, PYUSD has seen a significant shift, with most of its tokens now issued o...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Bitcoin NewsRelated market context
Polymarket Fires CMO After Fake-Trade Probe,
Key Takeaways: Polymarket said it has terminated its Chief Marketing Officer, Matthew Modabber, following an internal investigatio...
South Korea set to delay crypto gains tax to 2029, marking fourth postponement since 2020
The delay in South Korea's crypto tax may boost investor confidence but highlights ongoing regulatory and infrastructure challenge...
Wall Street’s $359 billion-a-day repo market has found a use for blockchain
Wall Street has found a use for blockchain that involves neither memecoins nor replacing the banking system. It's now helping inst...
Kalshi and Polymarket hit record $2.7 billion in weekly crypto volume
The surge in crypto prediction market volume highlights a shift towards short-term speculative trading, impacting traditional trad...
Phantom Starts a Staged US Launch of In-Wallet Prediction Markets
US users of Phantom can now trade prediction markets in the wallet, under a staged launch that began Friday and runs through Kalsh...
NY Seeks $1.37 Billion Judgment Against Operators of NovaTech Crypto Ponzi Scheme
Bitcoin Magazine NY Seeks $1.37 Billion Judgment Against Operators of NovaTech Crypto Ponzi Scheme New York Attorney General Letit...