PayPal's integration of PYUSD on Polygon enhances transaction efficiency and security, potentially accelerating stablecoin adoption in global markets.
The post PayPal expands PYUSD stablecoin issuance natively on Polygon appeared first on Crypto Briefing.
The post Aave Labs Launches Stable Vaults for Fintech Stablecoin Yield appeared on BitcoinEthereumNews.com.
The vaults convert Aave’s variable lending rates into fixed yields that wallets, exchanges and payment apps can offer their own users. Aave Labs launched Stable Vaults on Thursday, infrastructure that lets fintechs, wallets, exchanges and payment providers embed fixed-rate stablecoin yield into their own products, the company said in a blog post. The vaults convert variable onchain lending rates, drawn from Aave V3 and V4 markets or other ERC-4626 strategies, into a fixed rate a business sets for its end users. Aave Labs handles the rebalancing and cross-chain operations in between, according to the blog post. Already Live in Aave’s Own App Stable Vaults are “the smart contract vaults that already power the Aave mobile savings app,” per the post, and are now open for any business to build on. Aave, the largest DeFi lending protocol with $12.80 billion in total value locked, said
The post PayPal’s PYUSD Goes Native on Polygon, Joins Open Money Stack appeared on BitcoinEthereumNews.com.
Paxos, the OCC-regulated issuer of PYUSD, said the stablecoin will now settle directly on Polygon rather than moving there as a bridged token. PayPal USD is now issued natively on Polygon and integrated into the network’s Open Money Stack, Polygon’s official account said Thursday. Paxos, the stablecoin’s issuer, confirmed the move the same day. “PYUSD, the OCC-regulated stablecoin issued by Paxos, is now available on [Polygon] and the Open Money Stack,” Paxos said in a post on its official X account. Polygon said it settles more than $2.5 billion in stablecoin volume daily and has moved over $2.6 trillion in stablecoins onchain in total, according to its own thread. Native Issuance, Not a Bridge Native issuance means PYUSD on Polygon will be minted directly by Paxos rather than moved over as a wrapped or bridged token, a distinction Polygon emphasized in its announcement. The cha
The post Hyundai Card Completes Stablecoin Cross-Border Payment Pilot appeared on BitcoinEthereumNews.com.
Hyundai Card completed a proof of concept for stablecoin-based cross-border transfers. The transaction took place between Hyundai’s US and Mexico units in just seven minutes. The pilot used a 20K USDT transfer and included Tether, Avalanche, and Axiym as partners. Hyundai Card has completed a proof of concept (PoC) for stablecoin-based cross-border transfers with Hyundai Motor America (HMA) and Hyundai Motor Mexico (HMM), marking one of the first real corporate settlement tests by a major industrial group using blockchain-based payments. The first trial involved Hyundai Motor America converting $20,000 into USDT, sending the funds to Hyundai Motor Mexico, which then converted the stablecoins back into US dollars. The entire transfer, including settlement verification, took an average of seven minutes. Hyundai Card said a comparable bank-to-bank international transfer normally re
The post Polygon News: PayPal Partners With Polygon to Boost PYUSD Stablecoin Adoption appeared on BitcoinEthereumNews.com.
PayPal launches PYUSD stablecoin natively on Polygon, helping businesses make faster, regulated global payments through the new Open Money Stack platform. PayPal has expanded its blockchain payment strategy through a new partnership with Polygon. The company has introduced its stablecoin PYUSD natively on the Polygon network. As a result, businesses can make faster and lower-cost global payments. Additionally, the launch links PYUSD with Polygon’s Open Money Stack to facilitate regulated cross-border transactions. PayPal Launches Native PYUSD on Polygon for Global Payments PayPal USD (PYUSD) is a stablecoin backed by the U.S. dollar and issued by Paxos. The stablecoin is regulated by the Office of the Comptroller of the Currency (OCC). Now, businesses can directly use PYUSD on the Polygon blockchain. NEW: @PayPal USD (PYUSD) is now issued natively on Polygon Chain
The post AAVE Price Pops 7% as Aave Labs Launches Stable Vaults Yield Product for Fintechs appeared on BitcoinEthereumNews.com.
Key highlights: Aave Labs has announced Stable Vaults, an offering designed to earn stablecoin yields on any product Stable Vaults will invest stablecoin balances in Aave’s lending and borrowing protocols AAVE rose 7% on the back of the announcement to trade at $92.5 Aave Labs has rolled out a new product offering fixed-rate stablecoin yields for fintech companies. Dubbed Stable Vaults, the new product comes amid rising demand for yield by investors as companies scramble for market share. Aave Labs introduces Stable Vaults for stablecoin yield According to the official announcement, Stable Vaults provide a solution for fintech service providers to embed fixed-rate stablecoin yield into their products. A key feature of the offering is that fintech companies do not have to force users to interact with crypto rails to receive stablecoin yield. Aave Labs’ plug-and
Spark's innovative liquidity management could redefine DeFi economics, but it also introduces new risks and requires careful oversight.
The post Spark manages $1.5B in stablecoin volume through Uniswap v4 in 30 days appeared first on Crypto Briefing.
