PayPal Launches PYUSD Stablecoin Backed by the US Dollar
PayPal has launched its own stablecoin called PayPal USD (PYUSD).
PYUSD is fully backed by U.S. dollar deposits.
It can be bought or sold on PayPal’s app or website for $1.00 per PYUSD.
The stablecoin is designed to reduce friction for in-experience payments in virtual settings and allowing direct flows to developers.
PayPal Launches PYUSD Stablecoin
PayPal has launched its own stablecoin called PayPal USD (PYUSD). The company...