Several notable developments emerged in the cryptocurrency market recently, particularly concerning payment innovations and regulatory actions. PayPal has introduced a new service called “Pay with Crypto,” allowing merchants to accept payments in over 100 cryptocurrencies through its stablecoin, PYUSD. In another significant move, the U.S. Securities and Exchange Commission (SEC) has postponed its ruling on two prominent cryptocurrency exchange-traded funds (ETFs), further affecting the regulatory landscape. Meanwhile, Avalanche has secured a partnership to bring $250 million in tokenized assets onto its blockchain.
PayPal Enhances Crypto Offerings with PYUSD
PayPal’s latest initiative allows small businesses to receive payments in various cryptocurrencies, converting them into the PYUSD stablecoin. This feature is part of a broader strategy to deepen PayPal’s involvement in the cryptocurrency sector, which began in 2020. Merchants can enjoy lower transaction fees compared to traditional credit card processors, with an initial fee of 0.99% for the first year, rising to 1.5% thereafter.
Alex Chriss, PayPal’s CEO, emphasized that this service aims to address challenges businesses face when processing international payments. By utilizing PYUSD, merchants can reduce transaction costs by up to 90%. The “Pay with Crypto” service will initially roll out in the United States and will support major cryptocurrency wallets such as Coinbase, Binance, and MetaMask. Even meme coins like TRUMP and FARTCOIN will be included, contingent on liquidity across exchanges.
Since its launch, PYUSD has become the 12th-largest stablecoin, boasting a market capitalization of approximately $900 million. Despite this growth, PayPal has clarified that PYUSD is not insured by the Federal Deposit Insurance Corporation (FDIC) or the Securities Investor Protection Corporation (SIPC).
SEC Delays Decisions on Truth Social ETF and Grayscale Solana Trust
In a separate development, the SEC has extended its review period for the proposed Truth Social Bitcoin ETF, filed by Trump Media & Technology Group, until September 18, 2025. This delay reflects the SEC’s need for further examination of the proposal amidst a growing number of crypto ETF applications. The approval of this fund could pave the way for greater involvement of the Trump family in the cryptocurrency industry.
The SEC also postponed its decision on the Grayscale Solana Trust, with a new verdict expected by October 10, 2025. Several firms, including VanEck and 21Shares, have submitted similar proposals for Solana ETFs. The regulatory body’s approach follows a wave of ETF applications that surged after the approval of 12 spot Bitcoin ETFs earlier this year.
President Trump has expressed support for crypto-friendly policies and has advocated for the U.S. to emerge as a hub for cryptocurrency innovation.
Avalanche Secures $250 Million for Tokenized Assets
Avalanche has made headlines by securing a $250 million commitment in real-world assets (RWAs) through a partnership with Grove and Janus Henderson Anemoy. This collaboration will enable the deployment of two tokenized investment funds on the Avalanche blockchain: the Anemoy AAA CLO Fund (JAAA) and the Anemoy Treasury Fund (JTRSY). The JAAA fund focuses on collateralized loan obligations, while JTRSY targets short-term U.S. Treasury bills.
This partnership is significant as it expands Avalanche’s offerings in the tokenization space, previously managing around $195 million in RWAs. With the new deal, Avalanche’s on-chain RWA value is expected to exceed this amount significantly. JTRSY currently manages over $408 million in assets primarily on Ethereum but will now also launch its operations on Avalanche, indicating a growing trend towards multi-chain strategies in the crypto landscape.
As the cryptocurrency sector continues to evolve, the integration of mainstream financial systems with blockchain technology is becoming increasingly apparent. The developments from PayPal, the SEC, and Avalanche illustrate the dynamic nature of this market and its potential future trajectory.
