NYDFS Probes Paxos After $300 Trillion Minting Blunder
The New York Department of Financial Services (NYDFS) has confirmed it is investigating Paxos, the issuer of PayPal USD (PYUSD), following a catastrophic minting error that temporarily created $300 trillion worth of unbacked stablecoins. The incident, which occurred on 15 October 2025, is being described as one of the most
PayPal Expands Peer-to-Peer Payments with Bitcoin, Ethereum and PYUSD
PayPal has unveiled a significant update to its payments ecosystem by integrating Bitcoin, Ethereum and its own stablecoin, PayPal USD (PYUSD), into its new peer-to-peer (P2P) payment flow. The development allows users in the United States to send and receive cryptocurrency directly through the PayPal app, marking a bold move
PayPal Offers 3.7% Interest on PYUSD: A New Era for Stablecoins
PayPal is upping the ante in the stablecoin space with a major rewards programme that offers up to 3.7% annual interest for users holding its PYUSD stablecoin. Announced on 23 April, this move is set to boost adoption and real-world utility as the fintech giant leans deeper into digital finance.
