PayPal USD price

Why do we think community banks should be the ones holding these loans on balance sheet? First, the CRA was primarily a response to discriminatory lending practices like redlining. There is no particular reason, in a fully electronic world, to require stablecoin issuers to serve their "community" (ignoring that defining that for digital natives is very weird... are we going to require PayPal to invest in the @solana ecosystem because of PYUSD?). However, the question of "think about the lending" has a very simple answer to anyone familiar with the transformation of bank balance sheets, mortgage markets, or insurance companies for the past four decades. Second, very little risk originated by many banks is kept on balance sheets. It is securitized and sold into capital markets. Therefore, the question to ask is, instead, what I started with: why do community banks specifically need to provide this capital at above-market costs, instead of distributing this in diversified manner to all of capital markets, which is more efficient for everyone? If the community banks actually have underwriting expertise, they will simply convert from a issue & hold model to an issue & distribute model, which leverages what they are supposedly best at (credit underwriting locally) and relieves them of the duty to do what they are worst at (asset liability matching and interest rate trading). If we genuinely believe that without the CRA, capital markets participants will ignore profitable loan opportunities and simply refuse to bank these people, it would also be trivial to federally fund an originator firm to go make the loans?

ICYMI: PayPal's crypto strategy with SVP Jose Fernandez da Ponte @Timccopeland was joined by @PayPal's crypto lead Jose Fernandez da Ponte to discuss the company's vision and progress into crypto. OUTLINE 00:00 - Introduction 03:03 - PayPal’s journey into crypto 06:31 - Top requested features: tokens and yield 11:21 - Navigating regulation 15:09 - The Popularity of crypto on PayPal 18:49 - Circle’s new cross-border payments network 19:56 - Measuring success with PYUSD 23:09 - Supporting other stablecoins 24:05 - Can PYUSD rival Tether or USDC? 27:35 - BlackRock and TradFi entering crypto 29:51 - Using stablecoins in real business payments 30:42 - How crypto will change financial services 34:16 - PayPal’s long-term crypto ambitions 37:12 - Closing thoughts

Venmo and PayPal usernames only work inside their apps. ENS gives you a name that works across both — and beyond. With PYUSD now live on Ethereum and Solana, names like katherine.eth can send and receive stablecoins across PayPal, Venmo, and Web3 wallets.

Q: The biggest advantage of stablecoin-based payments? A: You don’t need card issuers or payment networks. That’s the game-changer. Take $PYUSD for example: users can just top up PYUSD inside the PayPal app and pay directly with it. No Visa/Mastercard in the loop, settlement happens straight from @PayPal to the merchant, super clean. Yeah, I know most crypto-linked cards still convert to fiat and go through the usual payment rails, which kinda defeats the purpose. But in cases like PYUSD, where no card networks and issuers are involved, merchants could save big on fees. That’s the future.

🚨ALTCOIN ETFS ARE COMING! BITCOIN ETF WAS JUST THE FIRST STEP! Brian Foster, Global Head of Wholesale at Coinbase Institutional, says more crypto ETFs are on the way, with Bitcoin being just the first step. Coinbase is prepared to help facilitate Altcoin ETFs as they enter the market. Watch the full interview #crypto #bitcoin #altcoins #etfs #etf #coinbase #solana #xrp @brian__foster @CoinbaseInsto @coinbase @ThinkCryptoPod