PayPal has supported 650 million users to make payments with over 100 types of Crypto Assets, converting them into fiat or its stablecoin PYUSD for merchants to settle instantly. This feature drops transaction fees to 0.99%, offers near-instant Settlement, and supports non-hosted wallets. Regulatory frameworks like MiCA in Europe and new regulations in Singapore and Hong Kong are impacting the adoption of stablecoins, while the U.S. "GENIUS Act" allows crypto exchanges to provide rewards for stablecoins, raising concerns in the banking sector.

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