{"id":392584,"date":"2024-01-29T15:57:03","date_gmt":"2024-01-29T15:57:03","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=392584"},"modified":"2024-01-29T15:57:03","modified_gmt":"2024-01-29T15:57:03","slug":"what-happened-to-paypal-stablecoin-pyusd-after-last-years-launch","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/what-happened-to-paypal-stablecoin-pyusd-after-last-years-launch\/","title":{"rendered":"What happened to PayPal stablecoin PYUSD after last year&#8217;s launch?"},"content":{"rendered":"<p>PayPal's <a href=\"https:\/\/cryptoslate.com\/paypal-launches-erc20-stablecoin-pyusd-with-paxos\/\">entrance into the stablecoin market<\/a> on Aug. 7, 2023, was welcomed by many in the industry, with Circle CEO Jeremy Allaire <a href=\"https:\/\/cryptoslate.com\/circle-says-competition-from-paypal-and-others-is-great-to-have-reports-1b-in-cash\/\">stating that competition from PayPal<\/a> was &#8216;great to have.'<\/p>\n<p>The news of the launch led to a modest 4% rise in the price of Bitcoin, and within days, exchanges were offering <a href=\"https:\/\/cryptoslate.com\/huobi-announces-no-fee-trading-for-paypals-new-pyusd\/\">low-fee promotional opportunities<\/a> for traders willing to utilize PayPal's PYUSD. Before the end of August, <a href=\"https:\/\/cryptoslate.com\/coinbase-to-list-paypals-pyusd-stablecoin\/\">Coinbase<\/a>, <a href=\"https:\/\/cryptoslate.com\/kraken-introduces-support-for-paypals-stablecoin-pyusd\/\">Kraken<\/a>, and HTX had listed the stablecoin, adding Venmo support <a href=\"https:\/\/cryptoslate.com\/paypal-extends-pyusd-stablecoin-to-venmo-as-third-party-adoption-surpasses-12-platforms\/\">just a month later.<\/a><\/p>\n<p>Five months after its launch, PYUSD has now claimed the<a href=\"https:\/\/coinmarketcap.com\/view\/stablecoin\/\"> number eight<\/a> position by market cap in the global stablecoin charts, having captured the $300 million mark around Jan. 22. However, PYUSD drops to eleventh overall when ordered by volume, with just $10 million in 24-hour trade volume. This puts it only slightly ahead of UST Classic, which, with a price 98% off its originally intended $1 peg, traded just $500,000 less over the past day.<\/p>\n<figure id=\"attachment_392650\" aria-describedby=\"caption-attachment-392650\" style=\"width: 1128px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-392650 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-29-104358.png\" alt=\"Stablecoins by market cap (source: CMC)\" width=\"1128\" height=\"837\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-29-104358.png 1128w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-29-104358-300x223.png 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-29-104358-1024x760.png 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-29-104358-768x570.png 768w\" sizes=\"(max-width: 1128px) 100vw, 1128px\" \/><figcaption id=\"caption-attachment-392650\" class=\"wp-caption-text\">Stablecoins by market cap (source: CMC)<\/figcaption><\/figure>\n<p>Still, PayPal's PYUSD climb to $300 million in value locked in five months is impressive. In addition to an increase in market cap, the token has seen <a href=\"https:\/\/etherscan.io\/token\/0x6c3ea9036406852006290770bedfcaba0e23a0e8#tokenAnalytics\">steady on-chain activity,<\/a> with a modest 200 &#8211; 400 transactions per day.<\/p>\n<figure id=\"attachment_392651\" aria-describedby=\"caption-attachment-392651\" style=\"width: 1253px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-392651 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-29-103918.png\" alt=\"PYUSD transfers since launch (source: Etherscan)\" width=\"1253\" height=\"528\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-29-103918.png 1253w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-29-103918-300x126.png 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-29-103918-1024x432.png 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-29-103918-768x324.png 768w\" sizes=\"(max-width: 1253px) 100vw, 1253px\" \/><figcaption id=\"caption-attachment-392651\" class=\"wp-caption-text\">PYUSD transfers since launch (source: Etherscan)<\/figcaption><\/figure>\n<p>However, PYUSD has yet to break into the DeFi landscape in any meaningful way, as the below table and diagram highlight. The majority of the PYUSD liquidity sits on centralized exchanges, with Crypto.com being the largest single holder of the token at $113 million, just over one-third of the total market cap.<\/p>\n<figure id=\"attachment_392649\" aria-describedby=\"caption-attachment-392649\" style=\"width: 1015px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-392649 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-29-104515.png\" alt=\"PYUSD holders (source: Arkham Intelligence)\" width=\"1015\" height=\"547\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-29-104515.png 1015w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-29-104515-300x162.png 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-29-104515-768x414.png 768w\" sizes=\"(max-width: 1015px) 100vw, 1015px\" \/><figcaption id=\"caption-attachment-392649\" class=\"wp-caption-text\">PYUSD holders (source: Arkham Intelligence)<\/figcaption><\/figure>\n<p>The visualization below depicts the transactions between major entities exclusively for PYUSD. Entities with more substantial PYUSD holdings are shown larger than those with smaller amounts. The entities with no logos on the far right are unknown wallets holding above $30,000. The logos in the top right depict business entity tokens, likely treasury holdings.<\/p>\n<figure id=\"attachment_392648\" aria-describedby=\"caption-attachment-392648\" style=\"width: 1987px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-392648 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-29-105354.png\" alt=\"PYUSD ecosystem diagram (source: Arkham Intelligence)\" width=\"1987\" height=\"1292\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-29-105354.png 1987w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-29-105354-300x195.png 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-29-105354-1024x666.png 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-29-105354-768x499.png 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-29-105354-1536x999.png 1536w\" sizes=\"(max-width: 1987px) 100vw, 1987px\" \/><figcaption id=\"caption-attachment-392648\" class=\"wp-caption-text\">PYUSD ecosystem diagram (source: Arkham Intelligence)<\/figcaption><\/figure>\n<p>Interestingly, there are several connections between PYUSD issuer Paxos, Uniswap, and Curve. Yet, these entities do not then link into the major exchanges, suggesting the DeFi and CEX ecosystems for PYUSD are wholly separate.<\/p>\n<p>While PayPal was subpoenaed by the SEC when PYUSD had <a href=\"https:\/\/cryptoslate.com\/paypal-received-sec-subpoena-regarding-its-usd-stablecoin-reports-reuters\/\">half the current market cap,<\/a> it was reported to have complied with requests, and little has been heard on the matter since. The announcement of the filing marked the local low for PayPal's stock price also, with it rallying 24% since November.<\/p>\n<p>Further, PayPal Ventures has recently started using the PYUSD stablecoin as a mechanism for strategic investments, using it for a stake in the institutional crypto platform Mesh. Amman Bhasin, Partner at PayPal Ventures, commented,<\/p>\n<blockquote><p>&#8220;As the world of financial services undergoes rapid transformation, we believe that user ownership and portability of assets will become a critical building block of product innovation, with crypto serving as the first beachhead where this is possible.&#8221;<\/p><\/blockquote>\n<p>Thus, while PYUSD still has some way to go to catch behemoths such as Circle and Tether, the debutant and web2 disruptor is certainly in the process of cementing its position in the industry.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PayPal&#8217;s entrance into the stablecoin market on Aug. 7, 2023, was welcomed by many in the industry, with Circle CEO Jeremy Allaire stating that competition from PayPal was &#8216;great to have.&#8217; The news of the launch led to a modest 4% rise in the price of Bitcoin, and within days, exchanges were offering low-fee promotional [&hellip;]<\/p>\n","protected":false},"author":1264,"featured_media":392601,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,32631],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What happened to PayPal stablecoin PYUSD after last year&#039;s launch?<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/what-happened-to-paypal-stablecoin-pyusd-after-last-years-launch\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What happened to PayPal stablecoin PYUSD after last year&#039;s launch?\" \/>\n<meta property=\"og:description\" content=\"PayPal&#039;s entrance into the stablecoin market on Aug. 7, 2023, was welcomed by many in the industry, with Circle CEO Jeremy Allaire stating that competition from PayPal was &#8216;great to have.&#039; The news of the launch led to a modest 4% rise in the price of Bitcoin, and within days, exchanges were offering low-fee promotional [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/what-happened-to-paypal-stablecoin-pyusd-after-last-years-launch\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-29T15:57:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/01\/pusd.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Liam &#039;Akiba&#039; Wright\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@akibablade\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Liam 'Akiba' Wright\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/what-happened-to-paypal-stablecoin-pyusd-after-last-years-launch\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/what-happened-to-paypal-stablecoin-pyusd-after-last-years-launch\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/#person\",\"name\":\"Liam 'Akiba' Wright\",\"url\":\"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/10\/about-liam.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/10\/about-liam.jpg\",\"caption\":\"Liam 'Akiba' Wright\"},\"jobTitle\":\"Editor-in-Chief\",\"description\":\"Liam \u201cAkiba\u201d Wright is CryptoSlate\u2019s Editor-in-Chief, reporter and podcast producer, focused on decentralized tech\u2019s positive impact.\",\"worksFor\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"sameAs\":[\"https:\/\/www.akiba.gg\",\"https:\/\/x.com\/akibablade\",\"https:\/\/www.linkedin.com\/in\/liamandrewwright\",\"https:\/\/muckrack.com\/liam-wright\/articles\"]},\"headline\":\"What happened to PayPal stablecoin PYUSD after last year&#8217;s launch?\",\"datePublished\":\"2024-01-29T15:57:03+00:00\",\"dateModified\":\"2024-01-29T15:57:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/what-happened-to-paypal-stablecoin-pyusd-after-last-years-launch\/\"},\"wordCount\":548,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"articleSection\":[\"Adoption\",\"Stablecoins\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/cryptoslate.com\/what-happened-to-paypal-stablecoin-pyusd-after-last-years-launch\/#respond\"]}],\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptoslate.com\/what-happened-to-paypal-stablecoin-pyusd-after-last-years-launch\/\",\"url\":\"https:\/\/cryptoslate.com\/what-happened-to-paypal-stablecoin-pyusd-after-last-years-launch\/\",\"name\":\"What happened to PayPal stablecoin PYUSD after last year's launch?\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/#website\"},\"datePublished\":\"2024-01-29T15:57:03+00:00\",\"dateModified\":\"2024-01-29T15:57:03+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptoslate.com\/what-happened-to-paypal-stablecoin-pyusd-after-last-years-launch\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptoslate.com\/what-happened-to-paypal-stablecoin-pyusd-after-last-years-launch\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptoslate.com\/what-happened-to-paypal-stablecoin-pyusd-after-last-years-launch\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptoslate.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What happened to PayPal stablecoin PYUSD after last year&#8217;s launch?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptoslate.com\/#website\",\"url\":\"https:\/\/cryptoslate.com\/\",\"name\":\"CryptoSlate\",\"description\":\"Cryptocurrency News and Real-time Coin Data\",\"publisher\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"inLanguage\":\"en-US\"},{\"@type\":\"NewsMediaOrganization\",\"@id\":\"https:\/\/cryptoslate.com\/#organization\",\"name\":\"CryptoSlate\",\"url\":\"https:\/\/cryptoslate.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg\",\"width\":1000,\"height\":1000,\"caption\":\"CryptoSlate\"},\"image\":{\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/twitter.com\/cryptoslate\",\"https:\/\/www.instagram.com\/cryptoslate\",\"https:\/\/www.linkedin.com\/company\/cryptoslate\",\"https:\/\/www.youtube.com\/c\/cryptoslate\",\"https:\/\/cryptoslate.substack.com\",\"https:\/\/t.me\/cryptoslatenews\",\"https:\/\/www.crunchbase.com\/organization\/cryptoslate\",\"https:\/\/iq.wiki\/wiki\/cryptoslate\",\"https:\/\/news.google.com\/publications\/CAAqKggKIiRDQklTRlFnTWFoRUtEMk55ZVhCMGIzTnNZWFJsTG1OdmJTZ0FQAQ\",\"https:\/\/muckrack.com\/media-outlet\/cryptoslate\",\"https:\/\/www.tiktok.com\/@cryptoslatenews\"],\"publishingPrinciples\":\"https:\/\/cryptoslate.com\/editorial-policy\/#editorial-principles\",\"ownershipFundingInfo\":\"https:\/\/cryptoslate.com\/disclaimers\/how-cryptoslate-makes-and-spends-money\/\",\"correctionsPolicy\":\"https:\/\/cryptoslate.com\/editorial-policy\/#corrections-feedback\",\"ethicsPolicy\":\"https:\/\/cryptoslate.com\/editorial-policy\/#editorial-principles\",\"foundingDate\":\"2017-08-04\",\"founder\":[{\"@type\":\"Person\",\"name\":\"Nate Whitehill\"},{\"@type\":\"Person\",\"name\":\"Matthew Blancarte\"}],\"contactPoint\":[{\"@type\":\"ContactPoint\",\"contactType\":\"customer support\",\"url\":\"https:\/\/cryptoslate.com\/contact\/\",\"availableLanguage\":\"en-US\"},{\"@type\":\"ContactPoint\",\"contactType\":\"sales\",\"url\":\"https:\/\/cryptoslate.com\/advertising\/\",\"availableLanguage\":\"en-US\"},{\"@type\":\"ContactPoint\",\"contactType\":\"newsroom\",\"url\":\"https:\/\/cryptoslate.com\/editorial-policy\/#corrections-feedback\",\"email\":\"tips@cryptoslate.com\",\"availableLanguage\":\"en-US\"}],\"masthead\":\"https:\/\/cryptoslate.com\/about\/#masthead\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/person\/ea2b02b41a7478e18d903ca8eec4979e\",\"name\":\"Liam 'Akiba' Wright\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/10\/about-liam-150x150.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/10\/about-liam-150x150.jpg\",\"caption\":\"Liam 'Akiba' Wright\"},\"description\":\"Also known as \\\"Akiba,\\\" Liam Wright is the Editor-in-Chief at CryptoSlate and host of the SlateCast. He believes that together decentralized blockchain and AI technology have the potential to make widespread positive change.\",\"sameAs\":[\"https:\/\/www.akiba.gg\",\"https:\/\/www.instagram.com\/akibablade\",\"https:\/\/twitter.com\/akibablade\"],\"award\":[\"Most improved footballer - 1992\"],\"knowsAbout\":[\"Python\",\"Javascript\",\"PHP\",\"HTML\",\"Agentic Software\",\"Machine Learning\",\"2000s emo music\",\"Manchester United\"],\"knowsLanguage\":[\"English\",\"Spanish\"],\"url\":\"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"What happened to PayPal stablecoin PYUSD after last year's launch?","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptoslate.com\/what-happened-to-paypal-stablecoin-pyusd-after-last-years-launch\/","og_locale":"en_US","og_type":"article","og_title":"What happened to PayPal stablecoin PYUSD after last year's launch?","og_description":"PayPal's entrance into the stablecoin market on Aug. 7, 2023, was welcomed by many in the industry, with Circle CEO Jeremy Allaire stating that competition from PayPal was &#8216;great to have.' The news of the launch led to a modest 4% rise in the price of Bitcoin, and within days, exchanges were offering low-fee promotional [&hellip;]","og_url":"https:\/\/cryptoslate.com\/what-happened-to-paypal-stablecoin-pyusd-after-last-years-launch\/","og_site_name":"CryptoSlate","article_published_time":"2024-01-29T15:57:03+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/01\/pusd.jpg","type":"image\/jpeg"}],"author":"Liam 'Akiba' Wright","twitter_card":"summary_large_image","twitter_creator":"@akibablade","twitter_site":"@cryptoslate","twitter_misc":{"Written by":"Liam 'Akiba' Wright","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/cryptoslate.com\/what-happened-to-paypal-stablecoin-pyusd-after-last-years-launch\/#article","isPartOf":{"@id":"https:\/\/cryptoslate.com\/what-happened-to-paypal-stablecoin-pyusd-after-last-years-launch\/"},"author":{"@type":"Person","@id":"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/#person","name":"Liam 'Akiba' Wright","url":"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/","mainEntityOfPage":{"@id":"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/"},"image":{"@type":"ImageObject","@id":"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/#authorimage","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/10\/about-liam.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/10\/about-liam.jpg","caption":"Liam 'Akiba' Wright"},"jobTitle":"Editor-in-Chief","description":"Liam \u201cAkiba\u201d Wright is CryptoSlate\u2019s Editor-in-Chief, reporter and podcast producer, focused on decentralized tech\u2019s positive impact.","worksFor":{"@id":"https:\/\/cryptoslate.com\/#organization"},"sameAs":["https:\/\/www.akiba.gg","https:\/\/x.com\/akibablade","https:\/\/www.linkedin.com\/in\/liamandrewwright","https:\/\/muckrack.com\/liam-wright\/articles"]},"headline":"What happened to PayPal stablecoin PYUSD after last year&#8217;s launch?","datePublished":"2024-01-29T15:57:03+00:00","dateModified":"2024-01-29T15:57:03+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptoslate.com\/what-happened-to-paypal-stablecoin-pyusd-after-last-years-launch\/"},"wordCount":548,"commentCount":0,"publisher":{"@id":"https:\/\/cryptoslate.com\/#organization"},"articleSection":["Adoption","Stablecoins"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/cryptoslate.com\/what-happened-to-paypal-stablecoin-pyusd-after-last-years-launch\/#respond"]}],"copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/cryptoslate.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/cryptoslate.com\/what-happened-to-paypal-stablecoin-pyusd-after-last-years-launch\/","url":"https:\/\/cryptoslate.com\/what-happened-to-paypal-stablecoin-pyusd-after-last-years-launch\/","name":"What happened to PayPal stablecoin PYUSD after last year's launch?","isPartOf":{"@id":"https:\/\/cryptoslate.com\/#website"},"datePublished":"2024-01-29T15:57:03+00:00","dateModified":"2024-01-29T15:57:03+00:00","breadcrumb":{"@id":"https:\/\/cryptoslate.com\/what-happened-to-paypal-stablecoin-pyusd-after-last-years-launch\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptoslate.com\/what-happened-to-paypal-stablecoin-pyusd-after-last-years-launch\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/cryptoslate.com\/what-happened-to-paypal-stablecoin-pyusd-after-last-years-launch\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptoslate.com\/"},{"@type":"ListItem","position":2,"name":"What happened to PayPal stablecoin PYUSD after last year&#8217;s launch?"}]},{"@type":"WebSite","@id":"https:\/\/cryptoslate.com\/#website","url":"https:\/\/cryptoslate.com\/","name":"CryptoSlate","description":"Cryptocurrency News and Real-time Coin Data","publisher":{"@id":"https:\/\/cryptoslate.com\/#organization"},"inLanguage":"en-US"},{"@type":"NewsMediaOrganization","@id":"https:\/\/cryptoslate.com\/#organization","name":"CryptoSlate","url":"https:\/\/cryptoslate.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg","width":1000,"height":1000,"caption":"CryptoSlate"},"image":{"@id":"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/twitter.com\/cryptoslate","https:\/\/www.instagram.com\/cryptoslate","https:\/\/www.linkedin.com\/company\/cryptoslate","https:\/\/www.youtube.com\/c\/cryptoslate","https:\/\/cryptoslate.substack.com","https:\/\/t.me\/cryptoslatenews","https:\/\/www.crunchbase.com\/organization\/cryptoslate","https:\/\/iq.wiki\/wiki\/cryptoslate","https:\/\/news.google.com\/publications\/CAAqKggKIiRDQklTRlFnTWFoRUtEMk55ZVhCMGIzTnNZWFJsTG1OdmJTZ0FQAQ","https:\/\/muckrack.com\/media-outlet\/cryptoslate","https:\/\/www.tiktok.com\/@cryptoslatenews"],"publishingPrinciples":"https:\/\/cryptoslate.com\/editorial-policy\/#editorial-principles","ownershipFundingInfo":"https:\/\/cryptoslate.com\/disclaimers\/how-cryptoslate-makes-and-spends-money\/","correctionsPolicy":"https:\/\/cryptoslate.com\/editorial-policy\/#corrections-feedback","ethicsPolicy":"https:\/\/cryptoslate.com\/editorial-policy\/#editorial-principles","foundingDate":"2017-08-04","founder":[{"@type":"Person","name":"Nate Whitehill"},{"@type":"Person","name":"Matthew Blancarte"}],"contactPoint":[{"@type":"ContactPoint","contactType":"customer support","url":"https:\/\/cryptoslate.com\/contact\/","availableLanguage":"en-US"},{"@type":"ContactPoint","contactType":"sales","url":"https:\/\/cryptoslate.com\/advertising\/","availableLanguage":"en-US"},{"@type":"ContactPoint","contactType":"newsroom","url":"https:\/\/cryptoslate.com\/editorial-policy\/#corrections-feedback","email":"tips@cryptoslate.com","availableLanguage":"en-US"}],"masthead":"https:\/\/cryptoslate.com\/about\/#masthead"},{"@type":"Person","@id":"https:\/\/cryptoslate.com\/#\/schema\/person\/ea2b02b41a7478e18d903ca8eec4979e","name":"Liam 'Akiba' Wright","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptoslate.com\/#\/schema\/person\/image\/","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/10\/about-liam-150x150.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/10\/about-liam-150x150.jpg","caption":"Liam 'Akiba' Wright"},"description":"Also known as \"Akiba,\" Liam Wright is the Editor-in-Chief at CryptoSlate and host of the SlateCast. He believes that together decentralized blockchain and AI technology have the potential to make widespread positive change.","sameAs":["https:\/\/www.akiba.gg","https:\/\/www.instagram.com\/akibablade","https:\/\/twitter.com\/akibablade"],"award":["Most improved footballer - 1992"],"knowsAbout":["Python","Javascript","PHP","HTML","Agentic Software","Machine Learning","2000s emo music","Manchester United"],"knowsLanguage":["English","Spanish"],"url":"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/"}]}},"_links":{"self":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/392584"}],"collection":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/users\/1264"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/comments?post=392584"}],"version-history":[{"count":9,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/392584\/revisions"}],"predecessor-version":[{"id":392667,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/392584\/revisions\/392667"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media\/392601"}],"wp:attachment":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media?parent=392584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/categories?post=392584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/tags?post=392584"},{"taxonomy":"prediction_market_topic","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/prediction_market_topic?post=392584"},{"taxonomy":"post_folder","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/post_folder?post=392584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}