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Venmo, the peer-to-peer payment app, is set to offer PayPal USD (PYUSD), an ERC-20 stablecoin , in the coming weeks. This move integrates PYUSD into the Venmo platform, creating a seamless channel for transferring assets between millions of users. According to a press release from PayPal, Venmo users will soon be able to “purchase PYUSD and send it to friends and family on PayPal, Venmo, and compatible external wallets.” PayPal USD issued by Paxos is now available on @Venmo to select users and will be rolling out fully in the coming weeks!@PayPal USD is unlocking the future of money movement. Learn more here: https://t.co/qgDagf5kB5 pic.twitter.com/ustKT0T0E2 — Paxos (@Paxos) September 20, 2023 The integration of PYUSD into Venmo is being promoted by PayPal as “the first example of a stablecoin enabling wallet interoperability at scale with no cost.” PayPal highlighted the efficiency and cost-effectiveness of this system, stating, “Transfers ...

AI-powered solutions for crypto market s will become more stable as they mitigate slippage and uncertainty, achieving deeper liquidity access and efficient predictive Analysis . Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. During the G20 Summit in February, the International Monetary Fund (IMF)  considered ‘banning private crypto currencies’ an option to solve the global debt restructuring crisis. It has now realized this won’t help solve associated problems. The U.S. Security and Exchange Commission (SEC), though, seems hell-bent on regulating crypto using brute force. You might also like: Evolution of crypto regulation: Tracing the impact of SEC chairmen Recent lawsuits targeting Binance and Coinbase are outcomes of the SEC’s misguided approach toward crypto. It worsens the growing frustration among industry stakeholders. Stifling emerging technologies is...

Amid ongoing regulatory efforts, the U.S. Securities and Exchange Commission (SEC) is poised to contest Ripple’s recent victory. Binance captures attention with ambitious growth moves, while PayPal introduces its very own stablecoin.  Greater scrutiny in the U.S. This week, government agencies sought to establish clarity. The Federal Reserve introduced an innovative endeavor aimed at overseeing cryptocurrency operations within banking institutions. The Novel Activities Supervision program will diligently track activities pertaining to cryptocurrencies, encompassing trading and lending, with a particular emphasis on enhancing the security of stablecoin s. The SEC deferred its decision on the Bitcoin ETF proposal put forth by Ark Invest and 21Shares, with the intention to gather insights from the general populace. The agency chose not to approve nor reject the proposal. The recent actions undertaken by the SEC garnered considerable public interest, as the commission initi...