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💵 The capitalisation of PayPal's steiblcoin has exceeded $1 billion
The market capitalisation of PYUSD steiblcoin has reached $1.01 billion. According to this indicator, PYUSD has moved to the 5th place in the list of the largest steiblcoins.
The number of active users of PYUSD is about 26,000 per month.
#PayPal #PYUSD #Stablecoin #CryptoNews #blochchain
The market capitalisation of PYUSD steiblcoin has reached $1.01 billion. According to this indicator, PYUSD has moved to the 5th place in the list of the largest steiblcoins.
The number of active users of PYUSD is about 26,000 per month.
#PayPal #PYUSD #Stablecoin #CryptoNews #blochchain
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The expansion of PYUSD on the Solana chain has boosted market value, but it still faces strong competition
Since its expansion to Solana on May 29 this year, the market value of PayPal USD (PYUSD) has surged 150% and currently stands at $684 million. According to data from DefiLlama, PYUSD is almost evenly used on Solana and Ethereum chains, with market shares of 48.32% and 51.68% respectively.
Despite its significant growth, PYUSD has been unable to overtake its more established rivals. On the Solana chain, USDC accounts for 70.5% of the total stablecoin market value, USDT accounts for 20%, and PYUSD ranks third with nearly 9%.
However, this growth rate shows that PYUSD has the potential to gradually expand in the market, especially with the parallel support of multiple blockchains. As competition in the stablecoin market becomes increasingly fierce, whether PYUSD can challenge industry giants in the future deserves investors' continued attention.
The market is constantly changing, and only by continuing to discern opportunities can we seize future opportunities! Pay attention to Boshi, and exclusive analysis will take you one step ahead and ensure victory.
#TON #Ripple于诉讼中取得部分胜利 #PlusToken相关钱包转移ETH #加密市场反弹 #pyusd $SOL
Since its expansion to Solana on May 29 this year, the market value of PayPal USD (PYUSD) has surged 150% and currently stands at $684 million. According to data from DefiLlama, PYUSD is almost evenly used on Solana and Ethereum chains, with market shares of 48.32% and 51.68% respectively.
Despite its significant growth, PYUSD has been unable to overtake its more established rivals. On the Solana chain, USDC accounts for 70.5% of the total stablecoin market value, USDT accounts for 20%, and PYUSD ranks third with nearly 9%.
However, this growth rate shows that PYUSD has the potential to gradually expand in the market, especially with the parallel support of multiple blockchains. As competition in the stablecoin market becomes increasingly fierce, whether PYUSD can challenge industry giants in the future deserves investors' continued attention.
The market is constantly changing, and only by continuing to discern opportunities can we seize future opportunities! Pay attention to Boshi, and exclusive analysis will take you one step ahead and ensure victory.
#TON #Ripple于诉讼中取得部分胜利 #PlusToken相关钱包转移ETH #加密市场反弹 #pyusd $SOL
PayPal will choose Solana to expand its PYUSSD stable token range beyond Ethereum
PayPal announced that it has chosen the Solana blockchain to expand its PayPal USD (PYUSD) stable coin.
The integration aims to allow users to trade at low prices and focus on using #PYUSD as a payment method for everyday purchases. The announcement was made when the #Solana SOL token became the 5th largest token by market capitalization, and Franklin Templeton estimates that Solana could become the third largest crypto-asset after #EarnFreeCrypto2024 and Etherium.
Jose Fernandez da Ponte, senior vice president of PayPal's #blockchain division, claims that integration with Solana's blockchain for Pyusd provides a "fast, easy and low-cost payment method" to improve the consumer and merchant experience in the growing digital economy.
Solana's blockchain technology delivers 0.0025 transactions per second at a cost of just $665,000. Compared to #EarnFreeCrypto2024 , it can process about 15 transactions per second with fees ranging from 50 to 115 yen (the maximum cost of gasoline during peak hours). CoinGecko recently published a study claiming that Solana's average transfer speed is 46 times faster than Ethereum.
This means that based on these numbers, transactions on Solana can be completed within 1 minute, but the same transfer on Ethereum can take several minutes. It's worth noting that the use of Solana as a network for stable coin transfers has increased over the past 1 year, according to a study conducted by Artemis.
According to PayPal, users will be able to join Venmo wallet users and use PYUSD without chain accounting. This means that the balance of stable coins will be unified regardless of the network where the assets are stored. This seamless integration allows users to easily manage their funds with stable coins without worrying about the underlying blockchain infrastructure.
Read us at: Compass Investments
The integration aims to allow users to trade at low prices and focus on using #PYUSD as a payment method for everyday purchases. The announcement was made when the #Solana SOL token became the 5th largest token by market capitalization, and Franklin Templeton estimates that Solana could become the third largest crypto-asset after #EarnFreeCrypto2024 and Etherium.
Jose Fernandez da Ponte, senior vice president of PayPal's #blockchain division, claims that integration with Solana's blockchain for Pyusd provides a "fast, easy and low-cost payment method" to improve the consumer and merchant experience in the growing digital economy.
Solana's blockchain technology delivers 0.0025 transactions per second at a cost of just $665,000. Compared to #EarnFreeCrypto2024 , it can process about 15 transactions per second with fees ranging from 50 to 115 yen (the maximum cost of gasoline during peak hours). CoinGecko recently published a study claiming that Solana's average transfer speed is 46 times faster than Ethereum.
This means that based on these numbers, transactions on Solana can be completed within 1 minute, but the same transfer on Ethereum can take several minutes. It's worth noting that the use of Solana as a network for stable coin transfers has increased over the past 1 year, according to a study conducted by Artemis.
According to PayPal, users will be able to join Venmo wallet users and use PYUSD without chain accounting. This means that the balance of stable coins will be unified regardless of the network where the assets are stored. This seamless integration allows users to easily manage their funds with stable coins without worrying about the underlying blockchain infrastructure.
Read us at: Compass Investments
PayPal is expanding its reach with PYUSD.
🇺🇸 PayPal users in the US can now send money internationally using PYUSD, their stablecoin.
⚡ Through Xoom, PayPal's cross-border payment service, they can convert PYUSD to USD and transfer funds to over 160 countries without transaction fees.
#newsdaily #pyusd #PayPal
🇺🇸 PayPal users in the US can now send money internationally using PYUSD, their stablecoin.
⚡ Through Xoom, PayPal's cross-border payment service, they can convert PYUSD to USD and transfer funds to over 160 countries without transaction fees.
#newsdaily #pyusd #PayPal
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The current market situation is just like the weather in Shenzhen. It is hot and cold for a while. Most people bought the currency and it did not rise. The currency that they did not buy rose again and again. If you want to change your car, you won't be willing to do it. If you don't, you will feel uncomfortable. I can only say that based on my more than 10 years of trading experience, this is easy to handle. #BTC #pyusd #sol
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Hot topics on October 4
Web3 hot topics on October 4
1. US non-farm payrolls increased by 254,000 in September
The seasonally adjusted non-farm payrolls in the United States increased by 254,000 in September, with an expected increase of 140,000, and the previous value was revised from 142,000 to 159,000. The US unemployment rate in September was 4.1%, with an expected 4.2% and a previous value of 4.20%, the lowest since June 2024.
2. Standard Chartered Bank recommends investors to buy BTC on dips
Geoff Kendrick, global head of digital asset research at Standard Chartered Bank, said that gold is a geopolitical hedging tool and BTC is not a safe haven against geopolitical risks. But BTC can hedge against TradFi issues such as bank failures or de-dollarization and US Treasury problems.
3. US employment data drives the dollar up
According to Jinshi, analyst Nour said that the dollar rose to an intraday high after the United States released shocking employment data. As long as the "exceptionalism" of the US economy continues to suppress bets on the Fed's rate cuts, the dollar's rally can continue further.
4. PayPal completes its first commercial transaction using PYUSD
PayPal completed its first commercial transaction using its PYUSD stablecoin. It paid an invoice to multinational accounting firm Ernst & Young. PavPal relies on the enterprise-level digital currency center to complete the transaction when paying the invoice, and the funds have been deposited into the accounting firm's Coinbase account.
5. Trump and Harris have a 50% chance of winning
On October 4, according to the prediction market Polvmarket data, Trump and Harris's chances of winning are deadlocked, and both have a 50% chance of winning. According to the schedule, there are still 32 days until the US election.
#非农人数大幅升温 #加密市场急跌 #9月小非农数据高于预期 #pyusd #降息
Web3 hot topics on October 4
1. US non-farm payrolls increased by 254,000 in September
The seasonally adjusted non-farm payrolls in the United States increased by 254,000 in September, with an expected increase of 140,000, and the previous value was revised from 142,000 to 159,000. The US unemployment rate in September was 4.1%, with an expected 4.2% and a previous value of 4.20%, the lowest since June 2024.
2. Standard Chartered Bank recommends investors to buy BTC on dips
Geoff Kendrick, global head of digital asset research at Standard Chartered Bank, said that gold is a geopolitical hedging tool and BTC is not a safe haven against geopolitical risks. But BTC can hedge against TradFi issues such as bank failures or de-dollarization and US Treasury problems.
3. US employment data drives the dollar up
According to Jinshi, analyst Nour said that the dollar rose to an intraday high after the United States released shocking employment data. As long as the "exceptionalism" of the US economy continues to suppress bets on the Fed's rate cuts, the dollar's rally can continue further.
4. PayPal completes its first commercial transaction using PYUSD
PayPal completed its first commercial transaction using its PYUSD stablecoin. It paid an invoice to multinational accounting firm Ernst & Young. PavPal relies on the enterprise-level digital currency center to complete the transaction when paying the invoice, and the funds have been deposited into the accounting firm's Coinbase account.
5. Trump and Harris have a 50% chance of winning
On October 4, according to the prediction market Polvmarket data, Trump and Harris's chances of winning are deadlocked, and both have a 50% chance of winning. According to the schedule, there are still 32 days until the US election.
#非农人数大幅升温 #加密市场急跌 #9月小非农数据高于预期 #pyusd #降息
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Friends who find it useful can follow it, communicate together, and lay out the bull market.
Bitcoin has stabilized at MA90 on the weekly chart. Can Bitcoin near $40,000 be far behind? History does not simply repeat itself, but it is surprisingly similar. What follows are some opinions of a veteran Leek who has been in the industry for more than 8 years. If you don’t like it, don’t criticize it. Witness together.
Since its birth, Bitcoin has experienced countless doubts, but the price of the currency has been rising all the way, becoming the best investment product in the past 10 years.
Compare the 13-year bull market, the 17-year bull market, and the 21-year bull market. All the big names in the United States will start within 2-5 months after the halving.
The third halving was ushered in in 2020, and the bull market in 2021 saw an increase of 22 times at the lowest point and 69,000$ at the highest. The current lowest point is down 78%. This bull market is also called institutional bull. The bull market is mainly driven by institutions, such as Grayscale, etc.
The next production cut will be in 24 years, and if nothing else happens, the big bull market will be in 25 years, and the low point of this round is currently 78%. If the decline is 80%, then the low of this bear market should be around 13,000. Obviously the possibility is very small, and I personally don’t think it will happen. But the pie is more than 20,000. It's still available.
Therefore, when the market price drops to more than 20,000, it is time to buy boldly. If not the lowest, it's not high either.
Bitcoin’s lowest point in the next bull market will not rise more than 15 times. That is to say, it will be around 200,000 US dollars at most, and I personally estimate it to be between 150,000 and 200,000 US dollars. The next bull market will be mainly driven by the state and large institutions, such as BlackRock and other large institutions, as well as some countries with good policies, such as South Korea and El Salvador. Therefore, the next bull market is also called the national bull. After the end of the next bull market, if there is another big bull market, I personally think there is little chance. It is unrealistic without a larger influx of funds. So take advantage of the next bull market. If you miss it, you really won’t have many opportunities.
As for how we can seize the next bull market and how to discover 100x coins. You can follow Weibo, and if you are a member of a large customer group, you can add V:even1911 to check positions and attract groups.
From 2013 to now, Bitcoin has increased so many times, but many people are still losing money. Why? Not enough awareness. You can never make money beyond your knowledge. Even if you make it by luck, you will lose it again based on your strength, so learn more and improve your knowledge.To be invincible#xrp #etf #pyusd #sbf #BTC
Bitcoin has stabilized at MA90 on the weekly chart. Can Bitcoin near $40,000 be far behind? History does not simply repeat itself, but it is surprisingly similar. What follows are some opinions of a veteran Leek who has been in the industry for more than 8 years. If you don’t like it, don’t criticize it. Witness together.
Since its birth, Bitcoin has experienced countless doubts, but the price of the currency has been rising all the way, becoming the best investment product in the past 10 years.
Compare the 13-year bull market, the 17-year bull market, and the 21-year bull market. All the big names in the United States will start within 2-5 months after the halving.
The third halving was ushered in in 2020, and the bull market in 2021 saw an increase of 22 times at the lowest point and 69,000$ at the highest. The current lowest point is down 78%. This bull market is also called institutional bull. The bull market is mainly driven by institutions, such as Grayscale, etc.
The next production cut will be in 24 years, and if nothing else happens, the big bull market will be in 25 years, and the low point of this round is currently 78%. If the decline is 80%, then the low of this bear market should be around 13,000. Obviously the possibility is very small, and I personally don’t think it will happen. But the pie is more than 20,000. It's still available.
Therefore, when the market price drops to more than 20,000, it is time to buy boldly. If not the lowest, it's not high either.
Bitcoin’s lowest point in the next bull market will not rise more than 15 times. That is to say, it will be around 200,000 US dollars at most, and I personally estimate it to be between 150,000 and 200,000 US dollars. The next bull market will be mainly driven by the state and large institutions, such as BlackRock and other large institutions, as well as some countries with good policies, such as South Korea and El Salvador. Therefore, the next bull market is also called the national bull. After the end of the next bull market, if there is another big bull market, I personally think there is little chance. It is unrealistic without a larger influx of funds. So take advantage of the next bull market. If you miss it, you really won’t have many opportunities.
As for how we can seize the next bull market and how to discover 100x coins. You can follow Weibo, and if you are a member of a large customer group, you can add V:even1911 to check positions and attract groups.
From 2013 to now, Bitcoin has increased so many times, but many people are still losing money. Why? Not enough awareness. You can never make money beyond your knowledge. Even if you make it by luck, you will lose it again based on your strength, so learn more and improve your knowledge.To be invincible#xrp #etf #pyusd #sbf #BTC
💵 The capitalisation of PayPal's steiblcoin has exceeded $1 billion
The market capitalisation of PYUSD steiblcoin has reached $1.01 billion. According to this indicator, PYUSD has moved to the 5th place in the list of the largest steiblcoins.
The number of active users of PYUSD is about 26,000 per month.
#pyusd
The market capitalisation of PYUSD steiblcoin has reached $1.01 billion. According to this indicator, PYUSD has moved to the 5th place in the list of the largest steiblcoins.
The number of active users of PYUSD is about 26,000 per month.
#pyusd
🪙 Crypto and Blockchain News (January 11, 2024):
1️⃣ Bitwise: Bitwise Asset Management has committed to allocating 10% of the profits from the Bitwise Bitcoin #etf to the development of open-source Bitcoin projects. The company has named non-profit organizations Brink, OpenSats, and Human Rights Foundation as recipients, who will receive and distribute the donations. 🚀
2️⃣ Snapshot: 99.99% of the participants in the vote for the integration of #pyusd from #paypal into the DeFi pools of the Aave platform have supported the initiative. The decision reached the required quorum. The voting started on December 18 and will conclude on January 11 at 8-21 UTC. 🗳️
3️⃣ TechCrunch: Social platform X quietly removed the ability to set NFTs as profile pictures. 🖼️
4️⃣ NEAR: The non-profit organization #near Foundation, driving the development of the NEAR ecosystem, will lay off approximately 40% of its workforce as part of a reorganization. According to their statement, with the expansion of ecosystem decentralization, the presence of the NEAR Foundation within it will continue to decrease. 🔄
5️⃣ Business Wire: #usdc stablecoin co-issuer Circle Internet Financial has confidentially filed for an initial public offering (IPO) in the U.S. as part of its plan to become a public company. The company has not disclosed the quantity and price range of securities intended for the IPO. 📈
📢 Stay Informed.
1️⃣ Bitwise: Bitwise Asset Management has committed to allocating 10% of the profits from the Bitwise Bitcoin #etf to the development of open-source Bitcoin projects. The company has named non-profit organizations Brink, OpenSats, and Human Rights Foundation as recipients, who will receive and distribute the donations. 🚀
2️⃣ Snapshot: 99.99% of the participants in the vote for the integration of #pyusd from #paypal into the DeFi pools of the Aave platform have supported the initiative. The decision reached the required quorum. The voting started on December 18 and will conclude on January 11 at 8-21 UTC. 🗳️
3️⃣ TechCrunch: Social platform X quietly removed the ability to set NFTs as profile pictures. 🖼️
4️⃣ NEAR: The non-profit organization #near Foundation, driving the development of the NEAR ecosystem, will lay off approximately 40% of its workforce as part of a reorganization. According to their statement, with the expansion of ecosystem decentralization, the presence of the NEAR Foundation within it will continue to decrease. 🔄
5️⃣ Business Wire: #usdc stablecoin co-issuer Circle Internet Financial has confidentially filed for an initial public offering (IPO) in the U.S. as part of its plan to become a public company. The company has not disclosed the quantity and price range of securities intended for the IPO. 📈
📢 Stay Informed.
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$SOL
Meson.fi announced that it will support PayPal's stablecoin PYUSD for cross-chain transactions. The first supported networks include Ethereum (ETH) and Solana. This move means that users will be able to trade PYUSD on these networks, thereby promoting its circulation and innovation in the DeFi ecosystem.
PayPal USD (PYUSD) is a stablecoin issued by PayPal, which is fully backed by US dollar deposits and can be converted into US dollars 1:1. PayPal positions PYUSD as a stablecoin for payment, which users can buy or sell at a price of 1 USD to 1 PYUSD on PayPal's app or website. In addition, PYUSD is already available on the Solana blockchain, providing a faster and cheaper way to trade.
Meson.fi's cross-chain transaction service provides an API interface for enterprise and merchant users, allowing them to directly call related services in decentralized applications. Meson.fi focuses on providing the best speed and cost for stablecoins, supporting cross-chain swaps of more than 20 stablecoins on more than 14 EVM and non-EVM chains and Layer 2. In addition, Meson.fi's protocol design is based on HTLC atomic swaps, implementing independent verification of each transaction to ensure that participants have full control over their funds.
Overall, this update of Meson.fi will contribute to the application and popularity of PayPal USD in the cryptocurrency and DeFi fields. #sol板块 #pyusd #paypal #非农就业数据即将公布
Meson.fi announced that it will support PayPal's stablecoin PYUSD for cross-chain transactions. The first supported networks include Ethereum (ETH) and Solana. This move means that users will be able to trade PYUSD on these networks, thereby promoting its circulation and innovation in the DeFi ecosystem.
PayPal USD (PYUSD) is a stablecoin issued by PayPal, which is fully backed by US dollar deposits and can be converted into US dollars 1:1. PayPal positions PYUSD as a stablecoin for payment, which users can buy or sell at a price of 1 USD to 1 PYUSD on PayPal's app or website. In addition, PYUSD is already available on the Solana blockchain, providing a faster and cheaper way to trade.
Meson.fi's cross-chain transaction service provides an API interface for enterprise and merchant users, allowing them to directly call related services in decentralized applications. Meson.fi focuses on providing the best speed and cost for stablecoins, supporting cross-chain swaps of more than 20 stablecoins on more than 14 EVM and non-EVM chains and Layer 2. In addition, Meson.fi's protocol design is based on HTLC atomic swaps, implementing independent verification of each transaction to ensure that participants have full control over their funds.
Overall, this update of Meson.fi will contribute to the application and popularity of PayPal USD in the cryptocurrency and DeFi fields. #sol板块 #pyusd #paypal #非农就业数据即将公布