PYUSDPayPal USD

PayPal has reported $486.4 billion in total payment volume for the second quarter on July 28, up 10% year over year. It also confirmed a reorganization that hands crypto its own division inside the company. The unit, Payment Services & Crypto, sits alongside Checkout Solutions & PayPal and Consumer Financial Services & Venmo. In the same presentation, PayPal listed stablecoins as one of three areas it is expanding into under an “innovating with discipline” heading, next to agentic commerce and identity and biometrics. Crypto Holdings Cost $81 Million Further, revenue came in at $8.68 billion, up 5%. Non-GAAP earnings were $1.38 per share against analyst estimates near $1.28. Transaction margin dollars rose 1% to $3.9 billion, and adjusted free cash flow reached $1.83 billion. PayPal raised full-year transaction margin guidance to about $15.6 billion and lifted the low end of its EPS range to roughly $5.38. Net losses on strategic investments and crypto assets held for investment came to $81 million in the quarter, added back in the reconciliation to non-GAAP net income. The same line ran $74 million in the first quarter. PayPal’s full-year 2025 GAAP earnings carried a positive impact of about $0.14 per share from that portfolio. PYUSD supply sat near $2.8 billion in mid-July, down from more than $4 billion in March. The token went live natively on Polygon on July 9 through issuer Paxos, and PayPal has said the stablecoin reaches 70 markets. YouTube began paying US-based creators in PYUSD in December. CryptoPotato has also reported on CoinGecko research showing PYUSD and Societe Generale’s EURCV taking little share while USDT and USDC hold 93.5% of fiat-backed stablecoin supply. CEO Restructures After Rejecting Stripe CEO Enrique Lores, who took the role on March 1 after Alex Chriss departed, is targeting at least $1.5 billion in gross run-rate savings over the next two to three years, with about $400 million reached by year-end. The plan runs to 2029 across three drivers: a simplified structure, operational and portfolio optimization, and accelerated AI adoption, which PayPal expects to deliver around 40% of the savings. The post PayPal Betting Big on Stablecoins After Disclosing Q2 Results appeared first on CryptoPotato .

Giancarlo warned that the GENIUS Act and the CLARITY Act keep financial surveillance alive by expanding Bank Secrecy Act obligations to new financial systems based on blockchain.

The Senate is moving quickly towards a procedural vote on the legislation, with hopes for a final passage by the end of the week.

A Wall Street veteran thinks stablecoins, tokenized assets, and cryptographic identity systems will become more important as AI agents.

Senator Bernie Moreno reportedly stated that the Department of Justice, not state attorneys general, would be responsible for enforcing the ethics provisions.

Capitol Hill observers believe the legislation must advance next week or its chances of passing this year could effectively disappear.

Senate recess starts after the first week of August. Near-final bill language could leak later this week as negotiations continue.

Interactive Brokers added 12 crypto assets, expanding trading options through zerohash and Paxos partnerships. Eligible clients can now deposit and withdraw USDC, PYUSD, and RLUSD using supported external wallets. The brokerage continues integrating crypto services into its multi...

According to the company’s July 14 announcement, eligible clients can now convert U.S. dollars held at Interactive Brokers into USDC, […] The post Interactive Brokers Expands Crypto Trading and Transfers appeared first on Coindoo.