The number of USDG holders on @solana has doubled in the past two months.USDG is a stablecoin issued by @Paxos. https://t.co/u6wTIEEHoI ...

Core Insights - PayPal USD (PYUSD) has experienced a remarkable 216% growth in circulation and on-chain usage within 90 days, reflecting a significant shift in sentiment towards stablecoin issuers [1] - As of September 2025, PYUSD's market capitalization surged from $1.28 billion to $3.8 billion, more than tripling its supply in circulation [2] - The growth of PYUSD is largely attributed to PayPal's expansion to Solana and Arbitrum, enhancing cross-chain transfers and liquidity in decentralized finance platforms [3] Company Developments - Launched on August 7, 2023, PayPal USD is a fully backed, Ethereum-based stablecoin issued by Paxos, marking PayPal as the first major U.S. financial firm to introduce a dollar-backed digital asset [4] - The introduction of a new peer-to-peer feature called "links" allows users to send funds via a one-time, sharable link, facilitating easier movement of stablecoins across platforms [5] - PYUSD's integration into major exchanges like KuCoin and its presence in Venmo's P2P system have significantly contributed to its rising usage in both retail payment flows and crypto transactions [5] Industry Context - The rapid growth of PYUSD contrasts with the challenges faced by Tether (USDT), the largest stablecoin by market capitalization, which is currently under pressure regarding transparency [6]

Market Growth & Adoption - Tokenized gold market size has grown 3x since the beginning of 2025 [1] - Tokenized gold could be an effective way to onboard new users into crypto [1] - Many people will move a portion of their physical gold on-chain as advantages become widely known [1] Advantages of Tokenized Gold - Tokenized gold solves almost all problems associated with storing and trading physical gold [1] - Tokenized gold price tracks the global spot price almost perfectly [3] - Tokenized gold offers deep liquidity supported on major CEXs [3] - Tokenized gold eliminates counterfeit risk and physical theft, only wallet/private-key risk remains [3] DeFi Integration - Tokenized gold brings DeFi to the asset class, enabling yield-generating and borrowable collateral [2] - Projects like @Paxos and @Theo_Network are building gold 3.0 to turn it into yield-generating, borrowable collateral [2] - DeFi craves deep, trusted liquidity, and tokenized gold is the perfect candidate [2] Disadvantages of Physical Gold - Domestic gold prices often have huge premiums over the global spot [3] - Physical gold has very high buy/sell spreads [3] - Physical gold has good day-to-day liquidity but heavy slippage [3] - Widespread counterfeit gold exists [3] - Risk of theft or loss exists [3]

Tokenized Asset Growth on Ethereum - Stablecoins are experiencing rapid growth, driven by players like AUSD, PayPal, and Ripple [1] - Tokenized funds are showing strong growth, with contributions from Theo Network, WisdomTree Funds, and Superstate Inc [1] - Tokenized stocks are growing, exemplified by platforms like Ondo Finance [1] - Tokenized commodities are expanding, supported by companies such as Tether and Paxos [1]

RT MEXC_Listings (@MEXC_Listings)New 0 fee spot trading pairs added:🔵 $PAXG/USDC @Paxos & $ZEN/USDC @horizenglobal🔵 Trading starts: Dec 2, 2025, 09:00 (UTC)Details: https://t.co/lpLknGckES https://t.co/YRAc0wtMQx ...

Japan and the U.K. are exploring bank-style safeguards for crypto. | Credit: Joaquin Carfagna via Pexels. Key Takeaways Regulators in Japan and the U.K. are considering insurance mechanisms for the crypto sector. Crypto exchanges in Japan could be required to maintain user protection funds. The Bank of England is mulling an emergency liquidity backstop for stablecoin issuers. For years, the lack of guarantees equivalent to government-backed deposit insurance has hampered crypto adoption. But regul ...

Core Insights - The report discusses the impact of stablecoin innovation on the non-bank payment ecosystem, highlighting the transformation driven by blockchain technology in cross-border payments and the involvement of various financial and technology companies [1][2][3]. Group 1: Traditional Non-Bank Financial Institutions - Traditional remittance institutions are actively integrating stablecoins into their business models, enhancing cross-border payment systems through self-built applications and API integrations [6][7]. - Major players like MoneyGram and Western Union are launching stablecoin mobile applications and exploring the issuance of their own stablecoins to facilitate cross-border transactions [7][8]. - Visa and Mastercard are focusing on stablecoin strategies, emphasizing card services and tokenization platforms to bridge crypto assets with everyday consumption [9][10]. Group 2: Technology Companies - Technology companies are becoming key players in stablecoin payment innovation, with platforms like PayPal and Stripe developing their own stablecoin capabilities to enhance cross-border payment solutions [2][19]. - PayPal's PYUSD aims to create a closed-loop payment ecosystem, significantly reducing cross-border payment costs by over 80% [20]. - Stripe is expanding its stablecoin services through acquisitions and the development of its own blockchain, targeting emerging markets for enhanced payment efficiency [21][22]. Group 3: Market Trends and Opportunities - The total transaction volume of stablecoins is rapidly increasing, with an estimated $5.7 trillion in transactions in 2024, primarily serving internal crypto asset flows [26]. - B2B cross-border payments are identified as the main opportunity for stablecoin applications, with potential market size in non-G10 regions reaching $18.8 trillion [28][29]. - The penetration of stablecoins in cross-border payments remains low, particularly in underdeveloped emerging markets, indicating significant growth potential [27][28].

The Week in Stablecoins according to @ahbeaudry--India signals openness to a stablecoin framework--U.S. Bank pilots bank-issued stablecoins on @StellarOrg--Klarna prepares a USD-backed stablecoin on Tempo--@Paxos acquires Fordefi--S&P downgrades USDT’s stability ratingAlexander (@ahbeaudry):https://t.co/VkvBFd4ruz ...

🚨JUST IN: PAXOS ACQUIRES CRYPTO WALLET STARTUP FORDEFI IN A DEAL WORTH OVER $100M ...

Acquisitions & Strategic Growth - Paxos acquired Fordefi for over 100 million USD to enhance its stablecoin, custody, and tokenization capabilities [1] Product & Service Enhancement - The acquisition aims to strengthen Paxos's offerings in stablecoins, custody solutions, and tokenization services [1]