PayPal USD (PYUSD) stablecoin is designed to maintain a $1 value

BetaNews
By Brian FagioliAug 7, 2023, 12:17 pm175 pts
Today, PayPal launched PayPal USD (PYUSD), a U.S. dollar-denominated stablecoin. As web3 gains momentum, PayPal’s newest offering aims to capitalize on the advantages stablecoins present in digital transactions. PayPal USD is pegged 1:1 with the U.S. dollar, and its underlying assets include U.S. dollar…

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