en.bitcoinsistemi.com
Global online payments giant PayPal has announced the launch of its own cryptocurrency stablecoin, PayPal USD (PYUSD), to expand its crypto services and give its customers more choice.
PayPal USD is the Paxos Trust Co., a regulated trust company and custodian of digital assets. and will be fully backed by US dollar deposits, short-term Treasuries and similar cash equivalents.
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#PayPal launches a stablecoin to enable crypto payments.
— Bitcoin Sistemi EN (@btcsistemiEN) August 7, 2023
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