“PayPal USD (PYUSD), a U.S. dollar stablecoin issued in collaboration with Paxos Trust Co., is a significant development in the digital finance landscape,” said Jeff Mei, COO of crypto exchange BTSE, in a Telegram message. “Signifying the growing convergence between traditional financial systems and the world of crypto, this news is definitely bullish for the crypto market.”
Source: https://www.coindesk.com/markets/2023/08/08/bitcoin-ether-flat-as-paypal-usd-report-fails-to-ignite-market-shib-finds-support/?utm_medium=referral&utm_source=rss&utm_campaign=headlines