PayPal USD (PYUSD), the fully regulated U.S. dollar-backed stablecoin, is now live on the Stellar network, announced on Thursday. The launch marks a milestone for both PayPal and Stellar, extending PYUSD’s reach into new wallets, platforms, and business use cases across global payments. The announcement was made at the Stellar Meridian event in Copacabana, Rio de Janeiro, on September 18, a flagship annual gathering of blockchain leaders, investors, and policymakers. Expanding Access Through Stellar’s Ecosystem By deploying on Stellar, PYUSD integrates with wallets and platforms including Bitcoin.com, Chipper Cash, Decaf, Arculus, Meru, CiNKO, COCA, Lobstr, and others. This expansion alllows millions of users to access a stablecoin option designed for low-cost payments. “Expanding PYUSD to the Stellar network is an exciting step toward making stable, trusted digital dollars more accessible and useful worldwide,” said Corbin Fraser, CEO of Bitcoin.com. “By supporting PYUSD on Stellar, we’re enabling our millions of users to enjoy fast, low-cost transfers while strengthening the role of stablecoins in real-world payments.” Empowering Businesses and SMEs Beyond consumer payments, PYUSD on Stellar offers small and medium-sized businesses access to near-instant settlement and real-time working capital. Companies can use PYUSD to pay suppliers, manage inventory, or cover operational costs without the delays typically associated with traditional finance. According to Paypal liquidity providers can participate by backing these financing opportunities and earning potential returns linked to real-world commerce. This creates a virtuous cycle of faster payments, improved liquidity, and enhanced financial inclusion, explains PayPal. PYUSD’s fully backed reserves—held in U.S. dollar deposits, U.S. Treasuries, and similar cash equivalents—add trust and transparency. Oversight from the New York State Department of Financial Services (NYDFS) ensures a high regulatory standard. PayPal Deepens Onchain Presence “PayPal continues to be at the forefront of payments, meeting our customers where they are — online, offline, and now onchain,” said May Zabaneh, Vice President of Crypto at PayPal. “Expanding PYUSD to Stellar broadens access to PYUSD and opens up new use cases and opportunities for seamless transactions for customers.” With this move, PayPal strengthens its role in the stablecoin ecosystem, offering consumers and enterprises a digital currency that bridges traditional finance with blockchain-powered efficiency. Stellar’s Growing Role in Digital Payments Stellar, which has processed over 20 billion operations across nearly 10 million accounts, provides a proven network for innovation in payments. Developers can integrate PYUSD into programmable payment solutions and enterprise-grade platforms using Stellar’s open-source SDKs and Soroban smart contracts. “Having a global leader like PayPal bring PYUSD to the Stellar network is a major step forward in how stablecoins can power real-world payments,” said Denelle Dixon, CEO of the Stellar Development Foundation. “This milestone sets the stage for broader adoption and innovation.”

The post Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC appeared on BitcoinEthereumNews.com. Franklin Templeton CEO Jenny Johnson has weighed in on whether the Federal Reserve should make a 25 basis points (bps) Fed rate cut or 50 bps cut. This comes ahead of the Fed decision today at today’s FOMC meeting, with the market pricing in a 25 bps cut. Bitcoin and the broader crypto market are currently trading flat ahead of the rate cut decision. Franklin Templeton CEO Weighs In On Potential FOMC Decision In a CNBC interview, Jenny Johnson said that she expects the Fed to make a 25 bps cut today instead of a 50 bps cut. She acknowledged the jobs data, which suggested that the labor market is weakening. However, she noted that this data is backward-looking, indicating that it doesn’t show the current state of the economy. She alluded to the wage growth, which she remarked is an indication of a robust labor market. She added that retail sales are up and that consumers are still spending, despite inflation being sticky at 3%, which makes a case for why the FOMC should opt against a 50-basis-point Fed rate cut. In line with this, the Franklin Templeton CEO said that she would go with a 25 bps rate cut if she were Jerome Powell. She remarked that the Fed still has the October and December FOMC meetings to make further cuts if the incoming data warrants it. Johnson also asserted that the data show a robust economy. However, she noted that there can’t be an argument for no Fed rate cut since Powell already signaled at Jackson Hole that they were likely to lower interest rates at this meeting due to concerns over a weakening labor market. Notably, her comment comes as experts argue for both sides on why the Fed should make a 25 bps cut or…

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