Unchained

Will PayPal's PYUSD Steal Market Share From Tether and Circle? - Ep. 530

Aug 11, 2023

José Fernández da Ponte, PayPal’s Senior VP of Blockchain and Crypto, dives into the launch of PYUSD, PayPal's new Ethereum-based stablecoin. He discusses the competitive landscape against Tether and Circle, and why stablecoins are crucial for remittances and B2B transactions. José emphasizes the importance of regulatory compliance and transparency in building user trust. He shares insights on the potential of stablecoins in online gaming and addresses how PYUSD plans to differentiate itself while navigating the evolving regulatory landscape.

40:30

Creator website

Episode guests

José Fernández da Ponte

AI Chapters

Episode notes

Intro

2min

The Rise of Stablecoins: PYUSD in Focus

6min

Navigating the Evolving Landscape of Stablecoin Regulations

3min

PayPal's PYUSD and the Future of Stablecoins

11min

Exploring the Future of PayPal's PYUSD and Crypto Legal Developments

5min

Crypto Regulatory Landscape and Recent Controversies

10min

A major player has entered the stablecoin wars. PayPal went deeper down the crypto rabbithole this week with the launch of its Ethereum-based PYUSD. The dollar-backed stablecoin now puts PayPal in competition with the likes of Tether and Circle for quickly sending value around the world on-chain. José Fernández da Ponte, PayPal’s crypto SVP, joins the show to unpack how the fintech giant is building a long-term strategy around blockchain-based payments.

Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.

Show highlights:

why PayPal decided to launch a stablecoin
how long it will take for stablecoins to reach mainstream adoption and what the advantages of stablecoins are
how PYUSD will differentiate from other giants in the stablecoin space such as USDT and USDC
whether the U.S. stablecoin bill influenced the launch of PYUSD
why stablecoins should be regulated at the state level
whether PayPal plans to launch stablecoins pegged to other fiat currencies
how Paxos will provide attestation reports for PYUSD
why Jose thinks gaming is a huge opportunity for stablecoin payments
what the rationale was for launching an ERC-20 on Ethereum
how PayPal plans to monetize the stablecoin
why PayPal’s expectations for PYUSD in the short-term are “moderate”

Thank you to our sponsors!

Guest

José Fernández da Ponte, SVP of Blockchain, Crypto and Digital Currencies at PayPal

Links

Learn more about your ad choices. Visit megaphone.fm/adchoices

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.