Monday, 7 August, 2023

PayPal Introduces PyUSD Stablecoin for Seamless Payments and Transfers

PayPal has launched PyUSD, a stablecoin designed to enhance its payment and transfer services. This move aims to provide users with a stable and reliable digital currency option, facilitating faster cross-border transactions and reducing volatility risks. PyUSD is pegged to the U.S. dollar and will be integrated into PayPal's existing platform, allowing for secure and efficient peer-to-peer transactions and purchases.