CryptoNews: PayPal has launched its stablecoin, called PayPal USD (PYUSD), an ERC-20 token backed by the US dollar. This makes PayPal the first major financial company to launch a stablecoin. 🔥
backed by the US dollar. This makes PayPal the first major financial company to launch a stablecoin.
PayPal USD is expected to be used for payments and transfers. The stablecoin will be available to PayPal's US customers initially.
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