PayPal's stablecoin PYUSD is gaining traction in decentralized finance (DeFi), with a new liquidity pool on the Curve platform boasting $135 million in total value locked. The FRAXPYUSD pool, which includes Frax Finance's stablecoin FRAX, allows traders to swap FRAX for PYUSD and use the coin on the PayPal app for purchases and remittances. However, PYUSD still lags behind industry leaders Tether and Circle in terms of daily trading volume. Frax Finance founder Sam Kazemian believes the FRAXPYUSD pool will continue to grow, with potential DeFi integration supported by PayPal's payment app.
Welcome Back
Click “Sign in” to agree to Cointime’s Terms of Service and acknowledge that Cointime’s Privacy Policy applies to you.
Join CoinTime
Already have an account?
Click “page.Sign up” to agree to Cointime’s <a class="underline" href="#term-of-service">Terms of Service</a> and acknowledge that Cointime’s a class="underline" href="#privacy-policy">Privacy Policy</a> applies to you.
Sign in with email
Sign up with email
Your email
Check your inbox
Click the link we sent to to sign in.
Click the link we sent to to sign up.
PayPal's PYUSD Stablecoin Gains Traction in DeFi with $135M TVL on Curve's FRAXPYUSD Pool
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
Recommended for you
-
Sei Foundation Explores Buying 23andMe to Put Genetic Data on Blockchain
If the acquisition proceeds, the foundation plans to integrate 23andMe's data onto its blockchain and give users ownership of their genetic data.
-
Studio Ghibli Craze Inspires Memecoins on Ethereum, Solana After OpenAI’s 4o Release
The internet is full of people converting images to AI-generated pictures in the characteristic style of some animated movies by Japan’s Studio Ghibli. Memecoin traders are looking to cash in on the trend.
-
SEC has officially closed its investigation into Crypto.com, CEO says
The US securities regulator closed its probe into Crypto.com seven months after serving the crypto platform with a Wells notice in August.
-
Trump SEC Pick Paul Atkins’ Crypto Ties Draw Sen. Warren’s Ire Ahead of Confirmation Hearing
In a recent financial disclosure, Atkins admitted to owning up to $6 million in crypto-related assets.
-
GameStop Bitcoin Pivot Spurs Social Media Chatter as Stock Soars 16%
The gaming retailer will spend some of its $4.8 billion cash holdings to buy bitcoin and stablecoins, sparking discussions around how much it will actually buy.
-
VINCERO ·
President Trump to Sign Repeal of Controversial DeFi Broker Rule
Critics called the rule "unworkable," noting DeFi platforms run on automated code without human oversight or user identification.
-
Sen. Gillibrand Warns Against a ‘Watered-Down’ Stablecoin Bill
Gillibrand suggested that the long-awaited stablecoin bill could become law before the August recess.
-
Trump-Tied World Liberty Financial Pitches Its Stablecoin in Washington With Don Jr.
The president's son, Donald Trump Jr., connected to a Washington crypto event via video to talk up crypto and to back the family's link to World Liberty.
-
Coindesk ·
BlackRock Expands Digital Asset Team, Adds Four High-Level Roles
The asset manager added four new roles to its website, including a legal counsel to advise on ETF launches.
-
Crypto Giants Seek Congressional Clarity on US Money Transmitter Rules
More than 30 crypto firms and foundations have asked Congress to have the US Department of Justice to clarify a key enforcement matter.
Daily Must-Read
-
Crypto Giants Seek Congressional Clarity on US Money Transmitter Rules
-
Massive Bitcoin whale buys $200M in BTC, another wakes up after 8 years
-
Ripple will drop cross-appeal in SEC case, get refund from lower court ruling
-
TRUMP Token Pops 12% After U.S. President Calls it 'The Greatest of Them All'
-
Gov’t can realize gains on gold certificates to buy Bitcoin: Bo Hines
-
44% are bullish over crypto AI token prices: CoinGecko survey
All Comments