Unchained

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

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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

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        UnchainedBy Laura Shin