Fintech Insights - PayPal Launches First Dollar-backed Stablecoin

August 2023
Fintech & Payments

PayPal has launched a US dollar-backed stablecoin to help facilitate payments as its latest addition to its suite of crypto services. On Monday 7th August, PayPal launched its newest asset, PYUSD (PayPal USD), issued by Paxos Trust Company; designed to address the emerging potential to transform payments within digitally native environments.

 

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