PayPal USD, abbreviated as PYUSD, is a US dollar-pegged stablecoin issued by PayPal. It operates on the Ethereum blockchain and is designed to maintain a stable value relative to the US dollar. PYUSD enables seamless digital payments, remittances, and transfers within and beyond the PayPal ecosystem. Its value is supported by reserves of cash, cash equivalents, and short-term US treasuries.
Context
PYUSD’s launch signifies PayPal’s deeper integration into the digital asset economy, providing a regulated and transparent stablecoin option for its vast user base. News frequently tracks its market capitalization, usage across platforms, and regulatory reception. The stablecoin aims to facilitate more efficient and cost-effective digital transactions for consumers and businesses.
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