ChainCatcher news, according to official sources, Binance has announced a new batch of executives for its compliance team, including:Former PayPal executive Todd McElduff as Director of Corporate Compliance;Former Kraken Head of Risk and Compliance and UK Chief Compliance Officer Lana Sinelnikova as Director of Business Compliance and Enterprise-Wide Risk Assessment (EWRA);Former cryptocurrency professional investigator and trainer Céline Inial as Special Investigation Expert for the French market;Caner Akyürek, who held senior positions at Europol, as Special Investigation Expert for Turkey;Former HSBC Hong Kong Wealth and Private Banking Senior Compliance Manager Pauline Chan as Regulatory Audit and Examination Compliance Expert for Binance's Global Audit Issues Management Team.

ChainCatcher news, according to The Block, PayPal's stablecoin PYUSD has been losing market share since it reached a market cap of over $1 billion at the end of August (when it was the fourth largest stablecoin). The current market cap of the token is $618 million, a decline of 40% over the past month and a half. The Solana-based PYUSD now has a market cap of approximately $267 million, down from the over $600 million peak it reached in August. Meanwhile, over $350 million worth of PYUSD tokens are circulating on Ethereum.The growth of this stablecoin has largely been attributed to PayPal's partnership with the Solana lending market Kamino Finance, which agreed to pay high yields subsidized by the payments giant to PYUSD holders. In recent weeks, the yield on PYUSD deposits on the lending protocol Kamino has dropped from around 17% to below 7%. The Solana-based protocols Drift and Marginfi, which also offered double-digit annualized rewards to PYUSD holders, have also been impacted. However, this trend may reverse. On Tuesday, Kamino added PYUSD to its "meme coin market," allowing users to borrow against positions in meme coins like WIF, POPCAT, and BONK. This arrangement will provide an additional $10,000 in PYUSD rewards to depositors each week. In contrast, lenders of PYUSD on the Ethereum-based decentralized exchange Aave are currently earning about 4.3%.During a similar six-week period, the market caps of the two major stablecoins USDT and USDC have remained relatively stable. Since August 31, Tether's stablecoin market cap has increased by $1 billion, while Circle's token market cap first increased by $2 billion and then decreased by $2 billion.

ChainCatcher news, according to official information, OKX will launch PayPal USD (PYUSD) spot trading. The specific times are as follows:PYUSD deposit opening time: October 3rd, 5:00 PMPYUSD auction time period: October 3rd, 7:00 PM to 8:00 PMPYUSD/USDT spot trading opening time: October 3rd, 8:00 PMPYUSD withdrawal opening time: October 3rd, 6:00 PM

According to ChainCatcher news from the official website, payment giant PayPal has announced the launch of PayPal Complete Payments in China. This is a secure and efficient integrated platform that combines a range of customized products and solutions to support Chinese merchants in selling globally. The platform simplifies the payment and receivables processes for businesses of all sizes in China, promoting their development in cross-border trade and the digital economy. PayPal will leverage global resources to gradually roll out new features of PayPal Complete Payments, fully supporting cross-border transactions for Chinese enterprises.It is reported that in terms of payment experience, the platform offers a variety of payment options for overseas buyers, allowing businesses to achieve quick fund transfers and manage their finances more simply and efficiently. Additionally, the platform provides a one-stop cross-border RMB payment solution, which includes "PayPal Cross-Border Receivables" and "PayPal Cross-Border Payments" products, helping PayPal users address the challenges of traditional cross-border receivables processes, which are often cumbersome, lengthy, and costly. Furthermore, in terms of risk management and fraud detection, the platform employs big data, machine learning, and artificial intelligence technologies to reduce risk handling costs, minimize dispute resolution times, and monitor and identify potential fraudulent activities in real-time.

ChainCatcher news, according to official news, Tether announced the appointment of Jesse Spiro as the Head of Government Affairs, responsible for leading policy development and collaboration with legislators, regulators, and key stakeholders.It is reported that Jesse Spiro previously served as the Head of Regulatory Relations for PayPal's blockchain and digital currency business, and before joining PayPal, he was the Chief Government Affairs Officer at the leading blockchain analytics company Chainalysis.

ChainCatcher news, the cryptocurrency trading platform Crypto.com has integrated Paypal as a payment method for U.S. users to purchase cryptocurrencies, enabling transfers between Paypal and Crypto.com wallets. Additionally, the collaboration includes support for Paypal to top up the Crypto.com Visa card, as well as support for the stablecoin PYUSD on Crypto.com's payment platform.

ChainCatcher news, according to a post by Bing Ventures, CoinMarketCap data shows that the total market capitalization of PayPal's stablecoin PayPal USD, which is pegged to the US dollar, has exceeded 1 billion USD.Since the beginning of the third quarter, the monthly supply of PayPal USD has been growing rapidly. Its market capitalization has more than doubled from about 423 million USD at the end of June. This growth is partly attributed to its expansion to the Solana network in May. Since then, its issuance on Solana has quickly surpassed that on Ethereum.

ChainCatcher news, according to Bitcoin.com, the stablecoin market has continued its upward trend over the past week, increasing in value by $1.3 billion. The largest stablecoin network by market capitalization, Tether (USDT), expanded its supply by $820 million during this period, with its market cap rising from $116.88 billion to the current $117.7 billion.In the past week, the market saw the addition of $710 million in FDUSD. Meanwhile, the sixth-largest stablecoin by market capitalization, Paypal's PYUSD, is also on the rise, nearing the $1 billion mark for the first time. As of August 23, its market cap was $981.69 million, with its supply increasing by 190 million tokens over the past week.

ChainCatcher news, DefiLlama data shows that PayPal's stablecoin PYUSD supply on Solana has now surpassed that on Ethereum. The total market capitalization of PYUSD currently stands at $684 million, with 51.47% of PYUSD on Solana and 48.53% on Ethereum.

ChainCatcher news, former PayPal president David Marcus announced his stance on X, stating that he is "crossing the Rubicon" to support the Republican Party and its candidate Trump.David Marcus believes that what America needs is a president who clearly supports America, the Constitution, business, Bitcoin/cryptocurrency, innovation, and many other things. This candidate should also stand against: regulatory overreach, illegal immigration, and unjust wars. Former President Trump fits this description perfectly, which is why he supports him.

ChainCatcher news, according to The Block, PayPal's stablecoin PYUSD has surpassed a market capitalization of 500 million dollars. In the past month, the supply of PYUSD has increased by 97%, from 270 million on June 26 to the current 533 million. This has placed PayPal among the top ten stablecoin issuers, while Tether USD leads with a supply of over 112 billion.The surge in PYUSD's growth occurred after its expansion to the Solana network in May, where approximately 134.5 million PYUSD tokens have been issued on Solana.

ChainCatcher news, according to The Block, MoonPay announced that users in the UK and EU can now purchase cryptocurrencies using PayPal. MoonPay also stated that customers can buy cryptocurrencies using their existing PayPal balance, bank withdrawals, or debit cards.Previously, the two companies launched a similar integration in the United States last month. MoonPay stated that 100% of users in the US can use the PayPal integration. As of last month’s announcement, US users can buy and sell over 110 cryptocurrencies using PayPal.

ChainCatcher news, the encrypted wallet Phantom has surpassed PayPal in downloads, ranking second among free financial apps on Google Play, with Cash App in first place. According to data from the Google Play Store, Phantom has exceeded 5 million downloads on the platform.The Phantom wallet also ranks 14th overall in the Google Play Store app rankings, above job platform Indeed, Meta's social media platform Threads, and streaming services Tubi and Max.

ChainCatcher news, Bitcoin Magazine posted on social media that former PayPal president David Marcus stated that every company in the world will eventually use the Bitcoin Lightning Network to settle transactions.

ChainCatcher news, MoonPay announced that U.S. users can now buy and sell over 110 cryptocurrencies through PayPal. This integration will help facilitate cryptocurrency purchases via debit cards and significantly increase the success rate of crypto transactions.The company stated that MoonPay users will not be limited to using PYUSD stablecoin or ETH to purchase cryptocurrencies on PayPal.

ChainCatcher message, according to PayPal's announcement of its Q1 2024 fiscal year performance, its net income for Q1 2024 reached $7.7 billion, a year-over-year increase of 9%. Additionally, the GAAP earnings per share for Q1 2024 grew by 18% to $0.831; the non-GAAP earnings per share increased by 27% to $1.08 (based on the new non-GAAP method, which was $0.85 in Q1 2023). Total payment volume in the first quarter grew by 14% to $403.9 billion. Payment transactions increased by 11% to 6.5 billion. As of March 31, 2024, the company's total cash, cash equivalents, and investments amounted to $17.7 billion, with total debt of $11 billion.