Paypal to integrate PYUSD into the Stellar network
Paypal CEO Alex Chriss announced today that PayPal plans to bring PYUSD, PayPal’s Stablecoin, into the Stellar network to provide fast and affordable cross-border payments and reach a large group of developers. According to the company press briefing, they are awaiting approval from the NYDFS.
Paypal plans to upgrade its Stablecoin for real-world payments, commerce, and micro-financing by leveraging the Stellar network speed, low transactional costs, and ease of integration. Stellar has been designed for speed, low-cost payments, and real-world utility. Chris believes the blockchain technology firm will unlock an additional option to the already existing expansion in Ethereum and Solana.
Paypal users will benefit from Stellar’s network infrastructure, which spans 170 countries and has multiple on and off ramps, digital wallets, and integration with local fiat currencies and banking systems. According to the company’s press release , this is ideal for PayPal’s goal of reaching a broader group of developers and opening more opportunities. The target audience is the emerging markets where traditional financial systems can be slow, expensive, or inaccessible.
The partnership will also introduce the Payment Financing model ( PayFi ), enabling small and medium-sized businesses (SMBs) that face delayed receivables or prefunding requirements to access real-time working capital in loans directly in PYUSD to their Stellar wallets. Companies can use these funds to settle suppliers, manage inventory, and cover other expenses with the added advantage of instant settlement and transparency. Liquidity providers have been allowed to participate in the financing options and earn returns from real-world activities in addition to speculative trading.
May Zabaneh, Vice President of PayPal’s Blockchain, Cryptocurrency, and Digital Currency Group, said stablecoins have long been viewed as crypto killer apps because they combine the power of blockchain with the stability of fiat currencies. He believes that working with Stellar will advance the use of this technology and provide benefits for all users in the key area of cross-border payments.
Danelle Dixon, CEO of Stellar Development Foundation, reiterated that Stellar is the network for fast, low-cost, and trusted global payments at scale. He added that bringing PYUSD to over 170 countries would transform stablecoins into practical financial tools that millions of everyday users and merchants can use. He affirmed that the partnership aims to bring stable digital currency to small businesses and individuals in emerging markets all over the globe.
Paypal has recently partnered with Gebuana Lhuillier (Philippines) and Yellow Card (Africa) to bypass banking systems, which have access to 3,500 and 25,000 touchpoints, respectively. Analysts believe these partnerships could push PayPal into a remittance choice by cutting fees up to 80% compared to competitors like Western Union and MoneyGram. PYUSD , however, faces challenges such as a crypto reputation for Scams, hacks, and market crashes, which may deter investor confidence.
The NYDFS approval may delay the process, citing money laundering and consumer protection concerns. Stellar’s decentralized nature lacks the centralized control that banks and regulators prefer. Also, PYUSD holders on the exchange may face price volatility if redemption partners fail to buy back their tokens.
PYUSD faces competition from Circle’s USDC, backed by Goldman Sachs, which already dominates stablecoin markets with $50 billion in circulation. Analysts say that with the pending approval from NYDFS, PYUSD may face a hard head start in competing with giants like USDC and USDT, which already have a competitive edge in the market.
Jim Cramer, host of Mad Money on CNBC, said this is a high-risk, high-reward bet. If the NYFDS approves and SMEs flock to PayFi, PayPal stock could soar, but if it stumbles on regulation or adoption, it would render PYUSD a costly disaster.
KEY Difference Wire helps crypto brands break through and dominate headlines fast
Treasury Secretary Scott Bessent predicts that dollar-backed stablecoins will hit $2 trillion
Dollar-pegged stablecoins could explode to a $2 trillion market cap within a few years, Treasury Secretary Scott Bessent said on Wednesday while testifying at a Senate Appropriations subcommittee hearing.
Scott told lawmakers the US government is moving to cement the dollar’s reserve currency status by backing legislation that would push stablecoins deeper into the financial system, with strict rules ensuring they are fully supported by Treasury bills and other short-term government debt.
Scott said concerns about the dollar’s future have popped up over and over again in history. Each time, he added, the dollar has come back stronger — now, he thinks crypto is part of the next phase.
“This administration is committed to keeping the reserve currency status and enhancing that,” Scott said during questioning. He also pointed out that ongoing legislation in Congress would create clear rules for dollar-linked stablecoins, which would have to be backed 1-to-1 by high-quality assets like T-bills.
Scott said the $2 trillion number is not just wishful thinking. “I think that $2 trillion is a very, very reasonable number, and I could see it greatly exceeding that,” he told the committee. His position is that stablecoins backed by US debt will expand the dollar’s reach around the world, as more people start using them for daily transactions. He also argued that dollar-pegged coins will boost demand for US government debt globally — something that aligns with broader fiscal goals.
Meanwhile, Congress is pushing hard to pass new stablecoin legislation. The Senate cleared a major procedural vote on Wednesday, 68-30, and is expected to pass the final bill as early as next week. The measure has backing from President Donald Trump, major crypto lobbying groups, and a handful of powerful lawmakers on both sides.
One day before the Senate vote, the House Financial Services and Agriculture committees passed a broader crypto bill, after Republicans blocked changes that would’ve stopped Trump from profiting off his crypto holdings.
Crypto giants, led by the Fairshake PAC and its affiliated entities, spent massive amounts of money during the last election to support pro-crypto candidates and policies. Now, those groups are backing the bill to make sure stablecoins can be used more widely in payments.
Retailers are also throwing their weight behind it, hoping that the coins will give them an alternative to Visa and Mastercard, whose credit card processing fees have long been a problem for large merchants.
Retailers aren’t just supporting the stablecoin bill — they’re also lobbying hard to attach a separate provision that would force large banks to offer more credit card processing network options beyond Visa and Mastercard. But Senate leaders are expected to block that effort, along with a separate push from Democrats to ban Trump from making money from crypto projects while in office.
As for the banks, they’re divided. Smaller ones have been warning that stablecoins will pull deposits out of the traditional banking system, shrinking access to loans and everyday credit. Bigger banks, on the other hand, are exploring ways to create their own stablecoins that would let them keep control of customer funds — and earn interest on the reserves those coins are backed by.
Scott didn’t speak on those fights. He stayed focused on the dollar and the role of crypto in reinforcing it. He emphasized that as long as these stablecoins are fully backed by US government debt, the result would be stronger demand for dollars at home and abroad.
He also mentioned that while Citigroup analysts have predicted a more conservative estimate of $1 trillion in new Treasury purchases from stablecoins by 2030, the Treasury Department sees much bigger potential. “This is not just a possibility, it’s something we’re actively working to make real,” he said.
The bill is a top priority for Scott and for the White House. Senate Banking Chair Tim Scott confirmed that he’ll hold a hearing on the broader crypto regulation bill in July, though it likely won’t pass until fall. Senate Majority Leader John Thune said on Wednesday that the Senate will aim to pass the stablecoin bill in the next few days and urged the House to act quickly to get it on Trump’s desk.
Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites
Crypto Market Surges as US China Trade Deal Ends Long-Standing War
The crypto market is posting major green candles today, and it's no coincidence. News just broke that the United States and China have finalized a comprehensive trade agreement, officially ending the long-standing trade war that rattled global markets for years. As traditional finance cheers the geopolitical breakthrough, crypto markets are reacting just as strongly—if not more—with Bitcoin , Ethereum , and altcoins all posting double-digit gains. But is the trade deal the reason behind today’s rally?
After over six years of tariffs, tech bans, and financial uncertainty, Washington and Beijing finally inked a deal covering tariffs, semiconductor supply chains, and digital trade. The agreement restores trade flows and improves cross-border cooperation, including in the blockchain and financial tech sectors. The announcement sent global stock markets surging, but the crypto market exploded.
Analysts suggest that with a reduction in global risk and clearer economic outlooks, institutional investors are reallocating capital into risk-on assets, including crypto. The trade deal has created a “relief rally” environment that Bitcoin thrives in.
Bitcoin ($BTC) is currently trading around $109,400, rising nearly 3% in the past 24 hours. After consolidating under $108K for most of the past week, the breakout comes as traders price in renewed optimism and macro clarity. With the next resistance near the $111K–$112K zone (its previous all-time high), bulls are eyeing a clean breakout.
📊 Key Chart Levels:
Ethereum ($ETH) is outperforming $BTC today, jumping over 14% in 24 hours to reach above $2,700. Speculation around the SEC greenlighting a spot Ethereum ETF this month is heating up. Combined with the improved macro sentiment and strong staking data, $ETH is attracting renewed interest from institutional and retail traders alike.
Several altcoins are outperforming today, especially those tied to potential ETF narratives or institutional utility:
Even meme coins like $DOGE and $PEPE saw 5–10% gains amid the market-wide euphoria.
According to data from CoinShares and Fidelity Digital, crypto funds recorded nearly $7 billion in inflows over the last 30 days, reaching an all-time high of $167B AUM. The end of the trade war gives hedge funds and family offices more clarity on macro conditions—freeing them to rotate back into risk assets like Bitcoin and Ethereum.
Moreover, major banks like Société Générale are launching dollar-pegged stablecoins in Q3, while Coinbase reports surging demand for stablecoin-based remittances in Asia.
Today’s price spike isn’t just a flash pump—it’s tied to a major geopolitical shift that affects the global economy. If the peace holds, and if CPI data tomorrow confirms cooling inflation in the US, crypto could enter a new bullish phase.
But traders should watch for potential fakeouts, especially with Bitcoin flirting with resistance near its ATH. If bulls can reclaim $112K, we could see a surge toward $115K and beyond.
$BTC, $ETH, $SOL, $AVAX, $XRP, $DOGE, $PEPE
The crypto market is posting major green candles today, and it's no coincidence. News just broke that the United States and China have finalized a comprehensive trade agreement, officially ending the long-standing trade war that rattled global markets for years. As traditional finance cheers the geopolitical breakthrough, crypto markets are reacting just as strongly—if not more—with Bitcoin , Ethereum , and altcoins all posting double-digit gains. But is the trade deal the reason behind today’s rally?
After over six years of tariffs, tech bans, and financial uncertainty, Washington and Beijing finally inked a deal covering tariffs, semiconductor supply chains, and digital trade. The agreement restores trade flows and improves cross-border cooperation, including in the blockchain and financial tech sectors. The announcement sent global stock markets surging, but the crypto market exploded.
Analysts suggest that with a reduction in global risk and clearer economic outlooks, institutional investors are reallocating capital into risk-on assets, including crypto. The trade deal has created a “relief rally” environment that Bitcoin thrives in.
Bitcoin ($BTC) is currently trading around $109,400, rising nearly 3% in the past 24 hours. After consolidating under $108K for most of the past week, the breakout comes as traders price in renewed optimism and macro clarity. With the next resistance near the $111K–$112K zone (its previous all-time high), bulls are eyeing a clean breakout.
📊 Key Chart Levels:
Ethereum ($ETH) is outperforming $BTC today, jumping over 14% in 24 hours to reach above $2,700. Speculation around the SEC greenlighting a spot Ethereum ETF this month is heating up. Combined with the improved macro sentiment and strong staking data, $ETH is attracting renewed interest from institutional and retail traders alike.
Several altcoins are outperforming today, especially those tied to potential ETF narratives or institutional utility:
Even meme coins like $DOGE and $PEPE saw 5–10% gains amid the market-wide euphoria.
According to data from CoinShares and Fidelity Digital, crypto funds recorded nearly $7 billion in inflows over the last 30 days, reaching an all-time high of $167B AUM. The end of the trade war gives hedge funds and family offices more clarity on macro conditions—freeing them to rotate back into risk assets like Bitcoin and Ethereum.
Moreover, major banks like Société Générale are launching dollar-pegged stablecoins in Q3, while Coinbase reports surging demand for stablecoin-based remittances in Asia.
Today’s price spike isn’t just a flash pump—it’s tied to a major geopolitical shift that affects the global economy. If the peace holds, and if CPI data tomorrow confirms cooling inflation in the US, crypto could enter a new bullish phase.
But traders should watch for potential fakeouts, especially with Bitcoin flirting with resistance near its ATH. If bulls can reclaim $112K, we could see a surge toward $115K and beyond.
$BTC, $ETH, $SOL, $AVAX, $XRP, $DOGE, $PEPE