Uploaded November 2025 | Updated September 2026, 2 weeks ago
In this conversation, PayPal's VP of Blockchain, Crypto and Digital Currencies, May Zabaneh, breaks down PayPal’s move into stablecoins with PYUSD and why it matters for financial inclusion. We explore how PYUSD could lower costs for cross-border payments, deliver faster settlement, and plug directly into PayPal’s existing ecosystem. The discussion covers why PayPal built a proprietary stablecoin, early adoption and real-world use cases, and plans for international expansion. We also examine the role merchants play in crypto acceptance, how DeFi and traditional finance are converging, and why interoperability will be essential in the next phase of digital payments.
Chapters
00:00 PayPal’s Vision for Stablecoins
02:47 Why PYUSD? Rationale and Goals
05:18 Stablecoin Advantages: 24/7, Inclusion, Cross‑Border
08:22 Why Proprietary vs Supporting Others
11:06 Unlocking B2B and Rebuilding On‑Chain
12:20 PYUSD in the PayPal/Venmo Ecosystem
14:21 International Expansion and Global Transfers
17:02 Merchant Fit: Categories, Costs, Declines
19:32 User Segments: Crypto‑Curious to Super Users
23:28 Pay with Crypto: Scaling to Larger Merchants
29:38 PYUSD in DeFi: Open and Multi‑Chain
32:01 Liquidity, Partnerships, and the Three Pillars
35:56 Interoperability and Evolving Roles
39:11 AI x Payments: Agent‑Driven Commerce
40:42 Finding the Flywheel, What’s Next
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#TheDefiant #DeFi #Decentralized #Finance #Blockchain #Web3
In this conversation, PayPal's VP of Blockchain, Crypto and Digital Currencies, May Zabaneh, breaks down PayPal’s move into stablecoins with PYUSD and why it matters for financial inclusion. We explore how PYUSD could lower costs for cross-border payments, deliver faster settlement, and plug directly into PayPal’s existing ecosystem. The discussion covers why PayPal built a proprietary stablecoin, early adoption and real-world use cases, and plans for international expansion. We also examine the role merchants play in crypto acceptance, how DeFi and traditional finance are converging, and why interoperability will be essential in the next phase of digital payments.
Chapters
00:00 PayPal’s Vision for Stablecoins
02:47 Why PYUSD? Rationale and Goals
05:18 Stablecoin Advantages: 24/7, Inclusion, Cross‑Border
08:22 Why Proprietary vs Supporting Others
11:06 Unlocking B2B and Rebuilding On‑Chain
12:20 PYUSD in the PayPal/Venmo Ecosystem
14:21 International Expansion and Global Transfers
17:02 Merchant Fit: Categories, Costs, Declines
19:32 User Segments: Crypto‑Curious to Super Users
23:28 Pay with Crypto: Scaling to Larger Merchants
29:38 PYUSD in DeFi: Open and Multi‑Chain
32:01 Liquidity, Partnerships, and the Three Pillars
35:56 Interoperability and Evolving Roles
39:11 AI x Payments: Agent‑Driven Commerce
40:42 Finding the Flywheel, What’s Next
Explore The Defiant ✨
📰 Website
thedefiant.io
✉️ Free Daily Newsletter
https://thedefiant.io/newsletter/defi...
🤑 Weekly Premium Newsletter
https://thedefiant.io/newsletter/defi...
✊ Follow The Defiant
X/Twitter: https://x.com/DefiantNews
📬 Contact our Newsroom
editorial@thedefiant.io
🤝 Sponsorships & Partnerships
sponsors@thedefiant.io
#TheDefiant #DeFi #Decentralized #Finance #Blockchain #Web3



![Bitcoin Mining’s Golden Age or Final Battle? Insights From Fakhul Miah
In this episode of The Defiant Podcast, we sit down with Fakhul Miah, Managing Director of GoMining Institutional and former Morgan Stanley executive, to explore the rapidly evolving world of Bitcoin mining in 2025.
From the rise of AI hyperscalers competing for energy resources to the financial engineering transforming miners into sophisticated operators, this conversation dives deep into the challenges and opportunities shaping the future of the industry.
Key topics covered:
1. Why AI is Bitcoin mining’s most aggressive new competitor
2. How miners are evolving with BTC-backed loans and convertible notes
3. The shifting geopolitics of mining: U.S. vs. Latin America and Africa
4. What $100B in Bitcoin ETFs and sovereign reserves mean for adoption
5. The big picture: Bitcoin mining’s transformation into a global infrastructure industry
Whether you’re a crypto enthusiast, investor, or just curious about the intersection of technology, energy, and finance, this episode is packed with insights you won’t want to miss.
Chapters:
00:00 Introduction: Bitcoin Mining Faces a New Kind of Competition
00:45 GoMining’s Role in Tokenized Bitcoin Mining
02:43 The Rise of AI Hyperscalers and Energy Market Disruption
03:15 Bitcoin Mining’s Flexibility vs. AI’s Energy Demands
06:15 Why AI Is a Formidable Competitor for Miners
08:09 The Power Struggle: Bitcoin Mining’s Future Amid AI Growth
09:02 Financial Engineering: How Miners Are Avoiding Liquidation
12:11 The Evolution of Bitcoin Mining into a Balance Sheet Business
16:57 Shifting Geopolitics: Latin America and Africa’s Mining Rise
20:36 U.S. Mining Dominance: Can It Adapt to Stay on Top?
24:50 Institutional Adoption: $100B in ETFs and Sovereign Reserves
28:40 Bitcoin’s Next Phase: Stability, Risks, and Financialization
31:10 Bitcoin as Digital Gold vs. Everyday Currency
34:51 The Role of Institutions and Whales in Bitcoin’s Future
37:00 The Big Picture: Bitcoin Mining’s Transformation by 2030
39:29 What Miners, Investors, and Policymakers Should Focus On
42:35 Closing Thoughts: GoMining’s Vision and What’s Next
📖 Learn more:
Explore GoMining’s H1 2025 Bitcoin Mining Market Review: [https://institutional.gomining.com/]
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https://thedefiant.io/
✉️ Free Daily Newsletter
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X/Twitter: https://x.com/DefiantNews
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sponsors@thedefiant.io
#TheDefiant #DeFi #Decentralized #Finance #Blockchain #Web3 Bitcoin Mining’s Golden Age or Final Battle? Insights From Fakhul Miah](https://i.ytimg.com/vi/uvZPep9v8jg/mqdefault.jpg)






