What is PayPal USD, and how does it work? By Cointelegraph
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While the PayPal (NASDAQ:) USD stablecoin has the potential to compete with other established stablecoins, it will need to overcome some hurdles.
The unveiling of the PayPal USD stablecoin marks the entry of a major regulated financial entity into the crypto space, which could give the cryptocurrency industry the much-needed legitimacy it has been seeking. As such, PYUSD stablecoin is expected to find favor among crypto enthusiasts as looming regulations roil the crypto market and cause uncertainty.
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While the PayPal (NASDAQ:) USD stablecoin has the potential to compete with other established stablecoins, it will need to overcome some hurdles.
The unveiling of the PayPal USD stablecoin marks the entry of a major regulated financial entity into the crypto space, which could give the cryptocurrency industry the much-needed legitimacy it has been seeking. As such, PYUSD stablecoin is expected to find favor among crypto enthusiasts as looming regulations roil the crypto market and cause uncertainty.
Continue Reading on Coin Telegraph
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