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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.

Crypto

Debate flares over stablecoin market share as Ethereum and Tron dominate supply

Ethereum and Tron together account for more than 80 percent of global stablecoin supply, according to a tally covering major blockchains. A social media post claiming Ethereum controls 87 percent spread after a user cited Artemis data and an X account criticised the XRP Ledger. A broader dashboard put Ethereum\'s share at 52.4 percent, with Tron at 28.8 percent. Visa-linked analysis showed June stablecoin transaction volumes hit a record.

Crypto

Spark and Uniswap launch FX Layer institutional stablecoin swap infrastructure

Spark and Uniswap will jointly build FX Layer, a stablecoin swap system designed to help institutions move between dollar-pegged tokens with minimal slippage. FX Layer is positioned as shared liquidity and trading infrastructure based on Uniswap v4. It aims to let stablecoin issuers such as banks, fintechs and payments firms connect to a common system rather than build separate liquidity pools, market makers and inventory management systems.