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PayPal launches PYUSD service for merchants to accept over 100 cryptocurrencies.
SEC delays Truth Social Bitcoin ETF and Grayscale Solana Trust rulings to later dates.
Avalanche partners with Grove to bring $250M in tokenized assets onto its blockchain.
On Monday, several significant developments grabbed headlines in the cryptocurrency market, including the integration of stablecoins, delays in regulatory decisions, and new partnerships centered on tokenization. PayPal has enhanced its crypto strategy by launching a new payment service for small businesses, which utilizes its PYUSD stablecoin.
Meanwhile, the U.S. Securities and Exchange Commission (SEC) has postponed its decision on two high-profile crypto ETF filings. Additionally, Avalanche has greatly increased its involvement with real-world assets, signing a $250 million deal with Grove and Janus Henderson.
These developments highlight the growing integration of mainstream financial systems with blockchain technology. Let’s take a look at our Crypto News Today:
PayPal has launched a new service that allows small businesses to receive payments in the form of cryptocurrencies. The program, dubbed ‘Pay with Crypto’, will allow users to convert more than 100 supported cryptocurrencies into a PayPal stablecoin, PYUSD. The stablecoin is a Paxos creation, which will be central to this payment solution as PayPal continues to deepen its involvement in the crypto economy.
The new feature will enable merchants to receive instant settlements in PYUSD and pay lower fees than traditional international credit card processors. During the first year, PayPal will implement a fee of 0.99% of the transaction, which will thereafter be raised to 1.5%. CEO Alex Chriss said the service was designed to minimize the challenges businesses face in receiving international payments.
"Pay with Crypto" will initially launch in the U.S., supporting major cryptocurrency wallets, including Coinbase, Binance, Kraken, OKX, Phantom, MetaMask, and Exodus. Even meme coins like TRUMP and FARTCOIN will be supported, depending on liquidity across both centralized and decentralized exchanges. The digital assets will be converted into dollars and credited to the merchant in PYUSD.
This marks a further milestone in PayPal’s crypto adoption journey, which began in 2020. Since its inception in 2023, PYUSD has become the 12th-largest stablecoin with a market cap of approximately $900 million. Nevertheless, PayPal has clarified that neither the FDIC nor SIPC insures PYUSD.
Also read: Crypto Prices Today: Bitcoin Price Slides to $115,991 While TRX and ADA Post Gains
The U.S. Securities and Exchange Commission (SEC) postponed its ruling on the proposed Truth Social Bitcoin ETF, extending the review period until September 18. Should the suggested fund, registered by Trump Media & Technology Group, be approved, the Trump family may become more involved with the crypto industry.
In its filing, the SEC noted the need for additional time to examine the proposal and the issues it raises. The delay is consistent with standard agency procedures, as it handles a growing number of crypto-related ETF filings. Truth Social originally filed for the ETF in June 2025, adding to the wave of ETF applications since the January approval of 12 spot Bitcoin ETFs.
The Commission also postponed its verdict on the Grayscale Solana Trust, now expected by October 10. Firms including VanEck, 21Shares, and Bitwise have submitted similar Solana ETF proposals. President Trump has endorsed crypto-friendly policies, including the appointment of Paul Atkins as SEC Chair and promoting the U.S. as a hub for crypto innovation.
Avalanche blockchain secured a $250 million commitment in real-world assets (RWAs) through a new partnership with Grove and Janus Henderson Anemoy. The deployment will bring two tokenized investment funds onto the network: the Anemoy AAA CLO Fund (JAAA) and the Anemoy Treasury Fund (JTRSY).
The JAAA fund was designed to offer exposure to collateralized loan obligations, whereas JTRSY focuses on short-term U.S. Treasury bills. Both funds will be issued on Centrifuge, a major platform for tokenizing RWA. JTRSY currently manages over $408 million in assets under management, primarily on Ethereum, and will now expand into Avalanche.
Grove Labs, the company that developed Grove, the protocol enabling tokenization, is being supported by Steakhouse Financial. Through this deal, Avalanche's on-chain RWA will exceed its previous value of $195 million by over twofold. Nevertheless, despite Ethereum's dominance with a 59% share of the RWA market, Avalanche's recent move makes it a promising platform for tokenization development.
Other networks, such as Aptos, Solana, and Stellar, are also increasing their tokenized asset offerings. The adoption of stablecoins is projected to grow, particularly with recent laws such as the GENIUS Act, which is expected to be especially beneficial among institutional investors who utilize stablecoins as on-ramps.
Also Read: Ethereum News Today: BlackRock’s Ethereum ETF Hits $10B AUM in 251 Days, Ranks 3rd Fastest
