In a delightful twist of fate, Zero Hash, that ever-ambitious purveyor of crypto and stablecoin infrastructure, has decided to sprinkle a dash of PayPal USD into its already eclectic mix. Ah, the sweet scent of innovation wafts through the air!
On the fateful day of March 10, the crypto-as-a-service platform, with all the fanfare of a circus ringmaster, announced the grand integration of PayPal USD (PYUSD). Users can now frolic with this stablecoin on the illustrious Ethereum (ETH) and the ever-so-charming Solana (SOL) networks. What a time to be alive!
PYUSD, that shiny new toy issued by Paxos, is the latest gem in Zero Hash’s treasure chest. It joins the ranks of illustrious companions like Tether (USDT) and USDC, as well as the ever-quirky Dai, Circle’s euro-backed EURC, Ripple’s RLUSD, and Paxos’ Pax Dollar. A veritable party of stablecoins!
Users, rejoice! The U.S. dollar-pegged stablecoin’s features are now at your fingertips, courtesy of Zero Hash’s application programming interface and software development kits. It’s like having a Swiss Army knife for your crypto needs! 🛠️
“Zero Hash offers the tech stack that powers use cases across Stripe’s payout products, on-ramps including Shift4, and tokenization payment rails used by Franklin Templeton,” proclaimed Edward Woodford, the illustrious founder and chief executive officer at Zero Hash. A mouthful, indeed!
But wait, there’s more! Beyond the mundane realms of cross-border payments and trading, Zero Hash’s customer base is a veritable cornucopia of use cases: remittances, tokenization, on- and off-ramps, wallet integration, and payrolls. They’ve even partnered with the likes of Felix, Securitize, and Kalshi. Talk about a social butterfly!
With the backing of Point72 Ventures, Bain Capital, and Nyca Partners, Zero Hash boasts an extensive regulatory footprint. It has received the golden ticket as a money service business from the Financial Crimes Enforcement Network and holds a money transmitter license that allows it to operate across 51 jurisdictions in the U.S. Quite the achievement, wouldn’t you say?
Meanwhile, the illustrious PayPal USD made its grand debut in August 2023, offering a 1:1 U.S. dollar backed stablecoin. A classic tale of stability in a world of chaos!
As of now, PYUSD struts its stuff as the ninth-largest by market cap, boasting over $720 million. It’s natively available on Ethereum and Solana, and has recently expanded its horizons to Cardano via the Wanchain cross-chain bridge. Truly, a stablecoin for the ages!
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2025-03-10 20:43