PayPal launches its own stablecoin, PayPalUSD (PYUSD), for payments August 8, 2023 by admin Tweet PayPal launches PYUSD stablecoin. It is backed by USD deposits, pegged to the US dollar, on the Ethereum blockchain via Paxos Trust. The company enables P2P payments and conversions to other cryptos. Read more… Neowin Related Posts:Warwagon's Tech Tip Tuesday: Checking Paypal for old…Ripple working with the Republic of Palau on a…Tether plans to launch a token that's pegged to the…PayPal is laying off 2,000 employees to reduce expensesFedNow Service launches bringing instant payments to the US
