A milestone for stablecoins

Stablecoin activity has been surging this year, and some of the biggest names in payments, accounting, and enterprise applications are participating. This week, we look at how and why some institutions utilize stablecoins to reduce friction in global payments. Plus, our market call returns from an end-of-summer break to provide updates on the most important developments happening in markets and onchain.

Paypal, EY, and Google Cloud use Coinbase for B2B payments

In a landmark moment for stablecoins, PayPal announced that it has successfully paid EY invoices by transferring its PYUSD stablecoin into EY’s Coinbase Prime account. Leveraging SAP’s Digital Currency Hub, Paypal was able to seamlessly transfer and settle funds in near real-time. Read more about this groundbreaking transaction on our blog.

Market Call: Macro, FTX Repayments, Regulatory Shifts, and Onchain Trends

In this week’s Market Call, our team unpacks the week’s key updates, including the anticipated FTX repayment schedule, the latest regulatory developments, and broader macroeconomic trends. Listen now on Spotify, Apple, or wherever you get your podcasts.

Notable crypto news

• CFTC subcommittee sends up recommendations for letting firms use tokenized shares as collateral
• SWIFT to trial live digital currency transactions next year
• Vitalik Buterin proposes lowering staking threshold to boost Ethereum decentralization