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!

• Crypto.com
• Arbitrum Foundation
• Thales DAO

Guest

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

Links

• Unchained: PayPal Launches PYUSD Stablecoin Built on Ethereum
• CoinDesk: 
• PayPal’s Real Stablecoin Strategy: It Wants to Earn Interest on Your Deposits
• Congresswoman Maxine Waters Says She’s ‘Deeply Concerned’ About PayPal’s New Stablecoin
• U.S. Stablecoin Bill Takes Big Step Despite Fight From Democrats, White House
• Paxos Has Other 'White Label' Stablecoin Opportunities in the Works in Addition to PayPal USD
• Blockworks: PayPal’s new stablecoin stirs centralization criticism 
• CNBC: PayPal is trying to drag its 435 million users into the $120 billion stablecoin market — here's why

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