Will PayPal's PYUSD Steal Market Share From Tether and Circle? - Ep. 530
Unchained11 Aug 2023

Will PayPal's PYUSD Steal Market Share From Tether and Circle? - Ep. 530

A major player has entered the stablecoin wars. PayPal went deeper down the crypto rabbithole this week with the launch of its Ethereum-based PYUSD. The dollar-backed stablecoin now puts PayPal in competition with the likes of Tether and Circle for quickly sending value around the world on-chain. José Fernández da Ponte, PayPal’s crypto SVP, joins the show to unpack how the fintech giant is building a long-term strategy around blockchain-based payments. Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Show highlights: why PayPal decided to launch a stablecoin how long it will take for stablecoins to reach mainstream adoption and what the advantages of stablecoins are how PYUSD will differentiate from other giants in the stablecoin space such as USDT and USDC whether the U.S. stablecoin bill influenced the launch of PYUSD why stablecoins should be regulated at the state level whether PayPal plans to launch stablecoins pegged to other fiat currencies how Paxos will provide attestation reports for PYUSD why Jose thinks gaming is a huge opportunity for stablecoin payments what the rationale was for launching an ERC-20 on Ethereum how PayPal plans to monetize the stablecoin why PayPal’s expectations for PYUSD in the short-term are “moderate” Thank you to our sponsors! Crypto.com Arbitrum Foundation Thales DAO Guest José Fernández da Ponte, SVP of Blockchain, Crypto and Digital Currencies at PayPal Links Unchained: PayPal Launches PYUSD Stablecoin Built on Ethereum CoinDesk: PayPal’s Real Stablecoin Strategy: It Wants to Earn Interest on Your Deposits Congresswoman Maxine Waters Says She’s ‘Deeply Concerned’ About PayPal’s New Stablecoin U.S. Stablecoin Bill Takes Big Step Despite Fight From Democrats, White House Paxos Has Other 'White Label' Stablecoin Opportunities in the Works in Addition to PayPal USD Blockworks: PayPal’s new stablecoin stirs centralization criticism CNBC: PayPal is trying to drag its 435 million users into the $120 billion stablecoin market — here's why Learn more about your ad choices. Visit megaphone.fm/adchoices

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