YouTube Gets Stablecoin Swag!

YouTube started allowing US creators to receive payouts in PayPal’s PYUSD stablecoin.

Here's what we've got for you today:

  • YouTube Enables PYUSD Stablecoin Payouts for US Creators: Report

  • Do Kwon Sentenced to 15 Years for Collapse of Terra Ecosystem

  • CFTC Rolls Back 2020 Guidance Focused on 'Actual Delivery' of Digital Assets

  • Binance Cozies up to Trump’s Crypto Platform with USD1 Stablecoin Links

YouTube has started allowing US creators to receive payouts in PayPal’s PYUSD stablecoin.

  • YouTube began allowing US-based creators to receive their payouts in PayPal’s PYUSD stablecoin, which was confirmed by PayPal’s head of crypto, May Zabaneh.

  • The integration relies entirely on PayPal’s infrastructure, meaning YouTube does not handle crypto directly but still offers creators a new payment option.

  • The move suggests that there is a shift in YouTube’s stance toward digital assets, and it could significantly boost stablecoin adoption given the platform’s massive user base.

Do Kwon has been sentenced to 15 years in US federal prison for his role in the $40 billion Terra collapse.

  • Do Kwon, co-founder of Terraform Labs, was sentenced to 15 years in US federal prison after pleading guilty to wire fraud and conspiracy related to the $40 billion collapse of the Terra ecosystem in 2022.

  • Judge Paul Engelmayer placed a lot of emphasis on the scale and duration of Kwon’s deception.

  • Victims shared some details about their severe financial and personal fallout, and prosecutors pointed out that more than 16,500 people filed claims in Terraform Labs’ bankruptcy proceedings.

The CFTC is withdrawing its outdated 2020 digital-asset delivery guidance in line with White House policy recommendations.

  • The CFTC is withdrawing its 2020 guidance on the “actual delivery” of digital assets, with Acting Chair Caroline Pham calling it outdated and overly complex.

  • The move aligns with recommendations from the President’s Working Group on Digital Assets and follows White House efforts to reshape federal oversight of crypto markets.

  • Pham said the withdrawal forms part of the agency’s commitment to strengthen market protections and improve access to safe US trading environments.

Binance expanded support for the Trump-linked USD1 stablecoin with new fee-free trading pairs.

  • Binance expanded its support for the Trump-linked USD1 stablecoin by adding fee-free trading pairs for ETH, SOL and BNB, building on its already existing BTC pair.

  • The exchange will also convert all BUSD collateral into USD1 at a 1:1 ratio within a week.

  • USD1 quickly grew to a $2.7 billion market cap, boosted by a $2 billion Abu Dhabi MGX investment routed through the stablecoin.

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