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PayPal launches PYUSD stablecoin backed by the US dollar
PayPal launches PYUSD stablecoin backed by the US dollar Image: PayPalPayPal is launching its own stablecoin: PayPalUSD (PYUSD). The company says the cryptocurrency token is “fully backed by U.S. dollar deposits” and can be bought or sold on PayPal’s app or website at $1.00 per PYUSD.
With PYUSD, you can make person-to-person payments, fund purchases with the currency at checkouts, and transfer PYUSD ...
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