A month and a half after PYUSD launched, PayPal integrated it with Venmo.
For now, the service is available to a limited number of users.
PayPal's
on-chain stablecoin, PYUSD, designed to serve as a secure digital
representation of the US dollar, is now accessible via Venmo. This strategic
move comes just over six weeks after the launch of PYUSD, and it aims to make
digital transactions faster, cheaper, and more efficient. Meanwhile, this is an
opportunity for increased adoption in the United States for the cryptocurrency
market. After all, Venmo is already used by one in four US-based consumers.
PayPal Enables PYUSD Payments via Venmo
Initially
introduced to bridge the gap between traditional fiat and the emerging web3
ecosystem, PYUSD has quickly gained traction. Yesterday (Wednesday), PayPal
announced that its stablecoin is now available on Venmo for selected users,
with plans for a full-scale rollout soon. The new feature allows zero-cost
transfers between PayPal and Venmo. According to PayPal, it marks the first
instance of free and fast stablecoin-enabled wallet interoperability on such a
large scale.
Venmo users
can now purchase PYUSD and send it to friends and family, not just on Venmo and
PayPal, but also to compatible external wallets. Standard blockchain network
fees will apply for those using other wallets or accepting PYUSD as merchants.
“We remain
fully committed to the mission behind PYUSD: deploying a safe, regulated
stablecoin at scale both for the web3 ecosystem and for everyday payments, and
we look forward to sharing more updates in the future,” PayPal commented in the
official press release.
Venmo is an
American mobile payment service provider that was launched in 2009 and acquired
by PayPal in 2013. With the growing popularity of contactless payments using
smartphones and smartwatches, Venmo additionally gained additional traction. According
to data released by the payment giant last year, Venmo surpassed 90 million
accounts in the US, as a result of which one in four consumers in the United
States uses the payment app for everyday purchases.
According
to data for the second quarter of 2023, Venmo's total payment volume ranked at
$67 billion. This compares to ten times less of $6 billion, which was recorded six years ago.
Value of TVP of Venmo. Source: Statista
PYUSD's Growing Ecosystem
PayPal's
PYUSD is not just limited to PayPal and Venmo. It has already integrated into
the broader crypto market. Within weeks of its launch, it became available on
major exchanges like Crypto.com, Bitstamp, Coinbase, and Kraken.
It is also
supported by main crypto wallets like MetaMask, Ledger, and Phantom and
institutional services like Fireblocks, Copper, Paxos, and Fordefi. Notably,
PYUSD received the green light from the New York State Department of Financial
Services, simplifying its adoption among licensed virtual currency entities in
the state.
Although it
still lags behind on a list of major stablecoins, its market capitalization is continuing to grow. Currently, it stands at $44 million with a daily transaction
volume exceeding $3 million. If the list of largest stablecoins were analyzed
based on the value of daily transactions, it would rank 12th, outperforming
larger projects like Pax Dollar (USDP).
In a notable shift within PayPal's cryptocurrency endeavors, Alex Chriss is set to assume the role of President and CEO at the end of September, succeeding Dan Schulman. Chriss presently serves as the Executive Vice President and General Manager of the Small Business and Self-Employed Group at tech firm Intuit, a company renowned for its offerings like QuickBooks, TurboTax, and Mailchimp.
A significant advantage for PYUSD is the public's view of PayPal as a reliable, secure, and regulatory-compliant entity. In the meantime, the company has expanded its current crypto payment support.
PayPal's
on-chain stablecoin, PYUSD, designed to serve as a secure digital
representation of the US dollar, is now accessible via Venmo. This strategic
move comes just over six weeks after the launch of PYUSD, and it aims to make
digital transactions faster, cheaper, and more efficient. Meanwhile, this is an
opportunity for increased adoption in the United States for the cryptocurrency
market. After all, Venmo is already used by one in four US-based consumers.
PayPal Enables PYUSD Payments via Venmo
Initially
introduced to bridge the gap between traditional fiat and the emerging web3
ecosystem, PYUSD has quickly gained traction. Yesterday (Wednesday), PayPal
announced that its stablecoin is now available on Venmo for selected users,
with plans for a full-scale rollout soon. The new feature allows zero-cost
transfers between PayPal and Venmo. According to PayPal, it marks the first
instance of free and fast stablecoin-enabled wallet interoperability on such a
large scale.
Venmo users
can now purchase PYUSD and send it to friends and family, not just on Venmo and
PayPal, but also to compatible external wallets. Standard blockchain network
fees will apply for those using other wallets or accepting PYUSD as merchants.
“We remain
fully committed to the mission behind PYUSD: deploying a safe, regulated
stablecoin at scale both for the web3 ecosystem and for everyday payments, and
we look forward to sharing more updates in the future,” PayPal commented in the
official press release.
Venmo is an
American mobile payment service provider that was launched in 2009 and acquired
by PayPal in 2013. With the growing popularity of contactless payments using
smartphones and smartwatches, Venmo additionally gained additional traction. According
to data released by the payment giant last year, Venmo surpassed 90 million
accounts in the US, as a result of which one in four consumers in the United
States uses the payment app for everyday purchases.
According
to data for the second quarter of 2023, Venmo's total payment volume ranked at
$67 billion. This compares to ten times less of $6 billion, which was recorded six years ago.
Value of TVP of Venmo. Source: Statista
PYUSD's Growing Ecosystem
PayPal's
PYUSD is not just limited to PayPal and Venmo. It has already integrated into
the broader crypto market. Within weeks of its launch, it became available on
major exchanges like Crypto.com, Bitstamp, Coinbase, and Kraken.
It is also
supported by main crypto wallets like MetaMask, Ledger, and Phantom and
institutional services like Fireblocks, Copper, Paxos, and Fordefi. Notably,
PYUSD received the green light from the New York State Department of Financial
Services, simplifying its adoption among licensed virtual currency entities in
the state.
Although it
still lags behind on a list of major stablecoins, its market capitalization is continuing to grow. Currently, it stands at $44 million with a daily transaction
volume exceeding $3 million. If the list of largest stablecoins were analyzed
based on the value of daily transactions, it would rank 12th, outperforming
larger projects like Pax Dollar (USDP).
In a notable shift within PayPal's cryptocurrency endeavors, Alex Chriss is set to assume the role of President and CEO at the end of September, succeeding Dan Schulman. Chriss presently serves as the Executive Vice President and General Manager of the Small Business and Self-Employed Group at tech firm Intuit, a company renowned for its offerings like QuickBooks, TurboTax, and Mailchimp.
A significant advantage for PYUSD is the public's view of PayPal as a reliable, secure, and regulatory-compliant entity. In the meantime, the company has expanded its current crypto payment support.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
South Korea Proposes Crypto Exchange Ownership Cap; Upbit, Coinone May Reduce Stakes
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
