Unchained

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

Listen Later

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. José Fernández da Ponte, PayPal’s crypto SVP, joins the show to unpack how the fintech giant is building a long-term strategy around blockchain-based payments.


Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.

Show highlights:

  • why PayPal decided to launch a stablecoin
  • how long it will take for stablecoins to reach mainstream adoption and what the advantages of stablecoins are
  • how PYUSD will differentiate from other giants in the stablecoin space such as USDT and USDC
  • whether the U.S. stablecoin bill influenced the launch of PYUSD
  • why stablecoins should be regulated at the state level
  • whether PayPal plans to launch stablecoins pegged to other fiat currencies
  • how Paxos will provide attestation reports for PYUSD
  • why Jose thinks gaming is a huge opportunity for stablecoin payments
  • what the rationale was for launching an ERC-20 on Ethereum
  • how PayPal plans to monetize the stablecoin
  • why PayPal’s expectations for PYUSD in the short-term are “moderate”
    • Thank you to our sponsors!
    • Crypto.com
    • Arbitrum Foundation
    • Thales DAO
      • Guest
      •  José Fernández da Ponte, SVP of Blockchain, Crypto and Digital Currencies at PayPal
      Links
      • Unchained: PayPal Launches PYUSD Stablecoin Built on Ethereum
      • CoinDesk: 
      • PayPal’s Real Stablecoin Strategy: It Wants to Earn Interest on Your Deposits
      • Congresswoman Maxine Waters Says She’s ‘Deeply Concerned’ About PayPal’s New Stablecoin
      • U.S. Stablecoin Bill Takes Big Step Despite Fight From Democrats, White House
      • Paxos Has Other 'White Label' Stablecoin Opportunities in the Works in Addition to PayPal USD
      • Blockworks: PayPal’s new stablecoin stirs centralization criticism 
      • CNBC: PayPal is trying to drag its 435 million users into the $120 billion stablecoin market — here's why

        • Learn more about your ad choices. Visit megaphone.fm/adchoices

        ...more
        View all episodesView all episodes
        Download on the App Store
        UnchainedBy Laura Shin
        • 4.6
        • 4.6
        • 4.6
        • 4.6
        • 4.6

        4.6

        1,180 ratings

        More shows like Unchained

        View all
        Real Vision: Finance & Investing by Real Vision Podcast Network

        Real Vision: Finance & Investing

        913 Listeners

        The Peter McCormack Show by Peter McCormack

        The Peter McCormack Show

        2,163 Listeners

        CoinDesk Podcast Network by CoinDesk

        CoinDesk Podcast Network

        642 Listeners

        Stephan Livera Podcast by Stephan Livera

        Stephan Livera Podcast

        414 Listeners

        The Pomp Podcast by Anthony Pompliano

        The Pomp Podcast

        1,834 Listeners

        The Breakdown by Nathaniel Whittemore

        The Breakdown

        741 Listeners

        On The Brink with Castle Island by Castle Island Ventures

        On The Brink with Castle Island

        288 Listeners

        Bankless by Bankless

        Bankless

        1,029 Listeners

        The Wolf Of All Streets by Scott Melker

        The Wolf Of All Streets

        224 Listeners

        Swan Signal Live - A Bitcoin Show by Swan Bitcoin

        Swan Signal Live - A Bitcoin Show

        183 Listeners

        Empire by Blockworks

        Empire

        166 Listeners

        Supply Shock by Blockworks

        Supply Shock

        112 Listeners

        Coin Stories by Natalie Brunell

        Coin Stories

        401 Listeners

        Raoul Pal: The Journey Man by Real Vision Podcast Network

        Raoul Pal: The Journey Man

        131 Listeners

        web3 with a16z crypto by a16z crypto, Sonal Chokshi, Chris Dixon

        web3 with a16z crypto

        60 Listeners