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Crypto

PayPal to issue PYUSD natively on Polygon to expand supply

PayPal is expanding cooperation with the Polygon network to increase adoption of its stablecoin, PYUSD. The Block reported that PayPal will issue PYUSD natively on Polygon and make it available through Polygon's Open Money Stack, aiming to help companies use PYUSD more easily for global payment settlement. Polygon Labs CEO Marc Boiron said the setup can enable firms to receive funds, move them across borders and cash out through a single compliance-enabled integration.

Telecommunications & Media

Netflix expands beyond films and TV into YouTube-style content, testing its identity

Netflix is expanding beyond films and dramas into games, live sports, podcasts and YouTube videos, in a shift some describe as a move toward becoming more like YouTube. The Verge discussed the strategy on its Vergecast podcast on July 10. Hosts said Netflix’s recent moves look busy and possibly slightly desperate as it adds genres and formats. Others said the expansion fits its long-running fight for users’ time. The key question is whether the approach will succeed.

Crypto

Polymarket files for U.S. margin trading, seeks futures broker registration

Polymarket has submitted an application to provide margin trading in the United States. If approved, users would be able to bet on events with less capital than usual. The Block, citing the National Futures Association’s BASIC system, reported that ComingHome GBA sought approval related to futures commission merchant registration through PM Derivatives. Full rollout of leveraged trading would also require approval from the Commodity Futures Trading Commission.