PayPal launches PYUSD stablecoin backed by the US dollar

The Verge
By Emma RothAug 7, 2023, 10:07 am124 pts
Image: PayPal PayPal is launching its own stablecoin: PayPalUSD (PYUSD). The company says the cryptocurrency token is “fully backed by U.S. dollar deposits” and can be bought or sold on PayPal’s app or website at $1.00 per PYUSD. With PYUSD, you can make person-to-person payments, fund purchases with the…

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