PayPal's Stablecoin Receives $1M Grant Program, Senior VP Sees Stablecoins As 'Killer App' For Crypto Payments
Portfolio Pulse from Murtuza Merchant
Fireblocks announced a $1 million grant program to boost the adoption of PayPal's stablecoin, PYUSD. The initiative aims to encourage businesses to develop blockchain-based products using PYUSD, highlighting its potential in DeFi and retail payments. Despite regulatory challenges, PayPal continues to expand PYUSD's reach.
October 24, 2024 | 3:54 pm
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PayPal's stablecoin PYUSD is receiving a $1M grant program from Fireblocks to boost its adoption. This initiative aligns with PayPal's strategy to expand PYUSD's use in DeFi and retail payments, despite facing regulatory challenges.
The grant program is a significant step in promoting PYUSD, aligning with PayPal's strategy to expand its stablecoin's use. This could positively impact PayPal's stock as it positions itself as a leader in digital payments, despite regulatory hurdles.
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