PayPal’s stablecoin opens door for crypto adoption in traditional finance By Cointelegraph
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Global payment processing giant PayPal (NASDAQ:) announced its United States dollar-pegged payment stablecoin called PayPal USD (PYUSD) on Aug. 7.
The stablecoin is developed on (ERC-20) and will be issued by Paxos Trust Co. PYUSD is reportedly fully backed by U.S. dollar deposits, short-term Treasurys and similar cash equivalents.
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Global payment processing giant PayPal (NASDAQ:) announced its United States dollar-pegged payment stablecoin called PayPal USD (PYUSD) on Aug. 7.
The stablecoin is developed on (ERC-20) and will be issued by Paxos Trust Co. PYUSD is reportedly fully backed by U.S. dollar deposits, short-term Treasurys and similar cash equivalents.
Continue Reading on Coin Telegraph
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