Will PayPal's PYUSD Steal Market Share From Tether and Circle? - Ep. 530

Published: Aug. 11, 2023, 11 a.m.

b"A major player has entered the stablecoin wars. PayPal went deeper down the crypto rabbithole this week with the launch of its Ethereum-based PYUSD. The dollar-backed stablecoin now puts PayPal in competition with the likes of Tether and Circle for quickly sending value around the world on-chain. Jos\\xe9 Fern\\xe1ndez da Ponte, PayPal\\u2019s crypto SVP, joins the show to unpack how the fintech giant is building a long-term strategy around blockchain-based payments.\\n\\nListen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.\\nShow highlights:\\n\\nwhy PayPal decided to launch a stablecoin\\n\\nhow long it will take for stablecoins to reach mainstream adoption and what the advantages of stablecoins are\\n\\nhow PYUSD will differentiate from other giants in the stablecoin space such as USDT and USDC\\n\\nwhether the U.S. stablecoin bill influenced the launch of PYUSD\\n\\nwhy stablecoins should be regulated at the state level\\n\\nwhether PayPal plans to launch stablecoins pegged to other fiat currencies\\n\\nhow Paxos will provide attestation reports for PYUSD\\n\\nwhy Jose thinks gaming is a huge opportunity for stablecoin payments\\n\\nwhat the rationale was for launching an ERC-20 on Ethereum\\n\\nhow PayPal plans to monetize the stablecoin\\n\\nwhy PayPal\\u2019s expectations for PYUSD in the short-term are \\u201cmoderate\\u201d\\n\\nThank you to our sponsors!\\n\\nCrypto.com\\n\\nArbitrum Foundation\\n\\nThales DAO\\n\\nGuest\\n\\xa0Jos\\xe9 Fern\\xe1ndez da Ponte, SVP of Blockchain, Crypto and Digital Currencies at PayPal\\nLinks\\n\\nUnchained: PayPal Launches PYUSD Stablecoin Built on Ethereum\\n\\n\\nCoinDesk:\\xa0\\n\\n\\nPayPal\\u2019s Real Stablecoin Strategy: It Wants to Earn Interest on Your Deposits\\n\\nCongresswoman Maxine Waters Says She\\u2019s \\u2018Deeply Concerned\\u2019 About PayPal\\u2019s New Stablecoin\\n\\nU.S. Stablecoin Bill Takes Big Step Despite Fight From Democrats, White House\\n\\nPaxos Has Other 'White Label' Stablecoin Opportunities in the Works in Addition to PayPal USD\\n\\nBlockworks: PayPal\\u2019s new stablecoin stirs centralization criticism\\xa0\\n\\nCNBC: PayPal is trying to drag its 435 million users into the $120 billion stablecoin market \\u2014 here's why\\n\\n\\n\\nLearn more about your ad choices. Visit megaphone.fm/adchoices"