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PayPal
PayPal Is Launching Its Own U.S. Dollar-Pegged Stablecoin
PayPal (PYPL) announced the global payments giant is issuing its own U.S. dollar-pegged stablecoin. The Ethereum-based token will soon be available to PayPal U.s. users and is the first time a major financial company is issuing its own stablecoin. "The Hash" panel weighs in on PayPal's latest move into the realm of crypto.

PayPal to Issue Dollar-Pegged Crypto Stablecoin Based on Ethereum
The token will be available first on PayPal and then on Venmo, and can be exchanged for U.S. dollars at any time.

PayPal Ventures Leads $52M Round for Crypto Firm Magic
The startup offers non-custodial wallet infrastructure for an enterprise client list that includes Macy’s and Mattel.

PayPal to Enable On-Chain Transfers From Venmo Accounts, Including to On-Chain Wallets
Jose Fernandez da Ponte, PayPal's SVP and General Manager, discusses at Consensus 2023 the platform's new functionality on Venmo and why the feature, slated for May, will give users the ability buy and send crypto to other wallet users via the Venmo app.

PayPal to Enable On-Chain Transfers From Venmo Accounts, Including to On-Chain Wallets
The feature will become available in May, PayPal's Jose Fernandez da Ponte said during a panel at Consensus 2023.

Galaxy Digital, PayPal Lead $20M Fundraise for Chaos Labs
The startup offers an automatic economic security system and simulation engine for decentralized finance projects.

PayPal Puts Stablecoin Project on Hold: Bloomberg
On Thursday it was reported that PayPal crypto partner Paxos was being probed by the NYDFS

PayPal Held $604M in Crypto For Its Customers as of Year-End 2022
PayPal (PYPL) held a total of $604 million of bitcoin (BTC), ether (ETH), litecoin (LTC) and bitcoin cash (BCH) for its customers as of Dec. 31, according to its annual report to the U.S. Securities and Exchange Commission (SEC). The payments company has been allowing customers to buy and sell crypto since October 2020, though it has only recently begun to disclose specific holdings of different coins in its SEC filings. "The Hash" panel discusses what this means for PayPal's crypto ambitions.

PayPal Held $604M of Customers' Crypto as of Year-End 2022
The payments company held $291 million of bitcoin and $250 million of ether, with the rest comprising litecoin and bitcoin cash.

PayPal Working With Crypto Wallet MetaMask to Offer Easy Way to Buy Crypto
Users will be able to buy and transfer ether from PayPal to MetaMask.
