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American financial technology firm PayPal launched its new stablecoin called PayPal USD (PYUSD) on August 7. PayPal launched crypto payments in 2020 and has since been actively involved in the industry. The U.S. dollar-pegged stablecoin will be offered by Paxos Trust Co. and wholly backed by U.S. dollar deposits, near-term Treasurys, and similar cash Equivalents. It […]
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Source: https://e-cryptonews.com/paypal-launches-pyusd-stablecoin-for-payments-the-community-reacts/