{"id":1613,"date":"2024-10-24T16:02:21","date_gmt":"2024-10-24T16:02:21","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=1613"},"modified":"2024-10-24T16:02:21","modified_gmt":"2024-10-24T16:02:21","slug":"paypals-stablecoin-receives-1m-grant-program-senior-vp-sees-stablecoins-as-killer-app-for-crypto-payments","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=1613","title":{"rendered":"PayPal&#8217;s Stablecoin Receives $1M Grant Program, Senior VP Sees Stablecoins As &#8216;Killer App&#8217; For Crypto Payments"},"content":{"rendered":"<div>\n<p><strong>Fireblocks <\/strong>on Thursday announced a $1 million grant program aimed at accelerating <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/23\/09\/34773903\/paypal-races-ahead-venmo-users-get-access-to-pyusd\">the adoption of<\/a><strong> PayPal USD<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/\">PYUSD<\/a>), a stablecoin issued by Paxos.<\/p>\n<p><strong>What Happened: <\/strong>The program, which follows a successful pilot, seeks to incentivize businesses to create blockchain-based products utilizing PYUSD, with grants of up to $60,000 available for eligible projects.<\/p>\n<p>The initiative is designed to encourage innovation in the stablecoin sector, particularly as the demand for decentralized finance (DeFi) solutions continues to rise. <\/p>\n<p>Fireblocks, which facilitates the transfer of $15 billion in stablecoins every month, is positioning PYUSD as a key player in the rapidly evolving world of digital assets and payments.<\/p>\n<p>\u201cStablecoins have become the \u2018killer app&#8217; for crypto payments,\u201d said <strong>Jose Fernandez da Ponte<\/strong>, Senior Vice President of blockchain, cryptocurrency, and digital currencies at PayPal. <\/p>\n<p>\u201cPYUSD brings an element of trust into these transactions.\u201d <\/p>\n<p>The grant program is an effort to further drive the use of stablecoins in &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41523365\/paypals-stablecoin-receives-1m-grant-program-senior-vp-sees-stablecoins-as-killer-app-for-\" alt=\"PayPal's\" stablecoin receives grant program senior vp sees stablecoins as app for crypto payments>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Fireblocks on Thursday announced a $1 million grant program aimed at accelerating the adoption of PayPal USD (CRYPTO: PYUSD), a stablecoin issued by Paxos. What Happened: The program, which follows a successful pilot, seeks to incentivize businesses to create blockchain-based products utilizing PYUSD, with grants of up to $60,000 available for eligible projects. The initiative [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-1613","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1613","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1613"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1613\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}