PayPal, PayPal USD via Paxos Trust support ( PYUSD) is preparing to launch its stablecoin.
payment giant PayPal is taking firm steps forward in the crypto and blockchain world. According to a report by Bloomberg, PayPal It will work with the eventful company Paxos Trust to launch a new stablecoin. If the name of the stablecoin to be issued is PayPal USDwill be.
PayPal stands out for stablecoin!
payment giant PayPalwill launch stablecoin for use in crypto payments and transfer transactions.
PayPal is launching a stablecoin, taking blockchain and crypto work to the next level. This stablecoin’s PayPal ( PYUSD ) is planned. reporting this topic Bloomberg, the payment giant’s eventful company Paxos TrustHe said he would work with
Paxos Trust was put under investigation in February for its ties to Binance. As a result of this investigation, the work on BUSD was terminated and TUSD was used instead.
PayPal is preparing to launch a stablecoin to be used for payments among traditional finance products. It is said that it will play an important role in the adoption of digital assets. stablecoin will be fully backed by US deposits. In addition, the company also deals with short-term treasuries and similar cash assets. to stablecoinwill offer support.
Chief executive Chairman Dan Schulman, PYUSD He also mentioned that transfer transactions can be carried out easily without the need for a central intermediary. In addition, Schulman stated that they plan to have the stablecoin become part of the overall payment infrastructure.
On the other hand PayPalin terms of share value 35 percentIt had a decline.
