PayPal's regulated stablecoin, PayPal USD (PYUSD), marks a new milestone as it becomes available on Venmo
allows for no-cost, fast transactions between PayPal and Venmo, marking the first time a stablecoin has achieved such large-scale interoperability. Venmo users can also transfer the stablecoin to external wallets and merchants that accept PYUSD as payment, although blockchain network fees will apply., PYUSD has quickly gained traction in the digital assets market. It is already listed on major exchanges such as Crypto.com, Bitstamp, Coinbase, and Kraken.
shows total tokens outstanding at $44,376,440, backed by short-term U.S. Treasuries and other cash equivalents.Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets.
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