PayPal launches its own stablecoin PYUSD
The PayPal payment platform has announced the launch of its own stablecoin, the PYUSD stablecoin, for transfers between users and payments for goods. According to Bloomberg, the coin is pegged to the dollar at a one-to-one ratio, fully backed by dollar deposits, short-term Treasury bonds, and similar cash equivalents. PYUSD is designed in such a […]