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PayPal Introduces A Stablecoin That’s Pegged With US Dollar
PayPal USD can be used to make purchases or pay other users.
Almost three years after adding cryptocurrency support for all US accounts, PayPal has launched its own stablecoin pegged against the US dollar. The new coin, known as PayPal USD, is “100 percent backed by US dollar deposits, short-term US Treasuries and similar cash equivalents,” according to the company.
PayPal went on to explain that its coin is issued on the Ethereum blockchain by the Paxos Trust Company, which is overseen by the New York State Department of Financial Services. The company also obtained a BitLicense from the NYDFS in June 2022.
PayPal USD coins can be bought and sold for $1 each. The currency can be used to purchase goods and services by selecting the option during any checkout session with PayPal. Users can also transfer the new cryptocurrency to external wallets or convert them to other coins in their accounts.
Also Read: A Guide To Digital Payment Methods In The Middle East
In a recent interview with Reuters, Ian Katz, managing director of Capital Alpha Partners, noted that the stablecoin could soon be in the sights of the Federal Reserve and the Securities and Exchange Commission. Time will tell if the company’s crypto venture can become a success.
News
Nano Banana 2 Arrives In MENA For Google Gemini Users
Google brings its latest image model to Gemini and Search, adding 4K output and tighter text control for regional users.
Google has opened access to Nano Banana 2 across the Middle East and North Africa, pushing its newest image model into everyday tools rather than keeping it inside the exclusive (and expensive) Pro tier.
The rollout spans the Google Gemini desktop and mobile apps, and extends to Google Search through Lens and AI Mode. Developers can also test it in preview via AI Studio and the Gemini API.
Nano Banana 2 runs on Gemini Flash, Google’s fast inference layer. The focus is speed, but also control. Users can export visuals from 512px up to 4K, adjusting aspect ratios for everything from vertical social posts to widescreen displays.
The model maintains character likeness across up to five figures and preserves fidelity for as many as 14 objects within a single workflow. This enables visual continuity across scenes, iterations, or edits — supporting projects like short films, storyboards, and multi-scene narratives. Text rendering has also been improved, delivering legible typography in mockups and greeting cards, with built-in translation and localization directly within images.
Also Read: RØDE Adds Direct iPhone Pairing To Wireless GO And Pro Mics
Under the hood, the system taps Gemini’s broader knowledge base and pulls in real-time information and imagery from web search to render specific subjects more accurately. Lighting and fine detail have been upgraded, without slowing output.
By embedding the model inside Gemini and Search, Google is normalizing advanced image generation for a mass audience. In MENA, where startups and marketing teams are leaning heavily on AI to scale content across languages and borders, that shift lands at a practical moment.
The move also folds creative tooling deeper into search itself, so that image generation is no longer a separate workflow. It now sits right next to the query box.
Nano Banana 2 Arrives In MENA For Google Gemini Users
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