Tuesday, 8 August, 2023

PayPal Unveils PYUSD Stablecoin to Simplify Cryptocurrency Transactions

PayPal, a prominent digital payment platform, has introduced its own stablecoin called PYUSD, aiming to streamline cryptocurrency transactions. The stablecoin is designed to maintain a consistent value by being pegged to the US dollar. PayPal's move is seen as an effort to enhance the usability of cryptocurrencies and make them more accessible to users for various financial activities, such as online purchases and cross-border transactions.