PayPal Launches a Stablecoin in Latest Crypto Payments Push.
07 Aug 2023, 13:07
PayPal Launches a Stablecoin in Latest Crypto Payments Push
PayPal USD (PYUSD) is issued by Paxos Trust and fully backed by US dollar deposits, short-term Treasuries and similar cash equivalents. It’s pegged to the dollar and will be gradually available to PayPal’s customers in the US.
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