Stablecoin

Ethereum

DeFi

Chainlink

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/paypals-stablecoin-pyusd-advances-with-chainlink-integration-for-market-clarity" rel="noopener noreferrer nofollow">PayPal’s Stablecoin PYUSD Advances with Chainlink Integration for Market Clarity</a><br></p>
<p style="text-align: justify">PayPal’s stablecoin, PYUSD, which is pegged to the US dollar and created in alliance with Paxos, has taken a significant step by adopting <a href="https://en.bitcoinhaber.net/chainlink-displays-significant-activity-potential-bullish-trends-ahead" rel="noopener noreferrer nofollow">Chainlink</a>’s Price Feed on the Ethereum mainnet. This collaboration is a leap forward for stablecoin technologies, as it utilizes the decentralized oracle network of Chainlink to provide accurate, real-time market data for PYUSD on the blockchain.</p>
<h2 id="stablecoin-transparency-reaches-new-heights">Stablecoin Transparency Reaches New Heights</h2>
<p style="text-align: justify">The integration of PYUSD with Chainlink’s Price Feed marks a breakthrough in market openness, offering essential data that is crucial for secure and efficient market operations. This progression boosts confidence and propels the adoption of PYUSD as a leading stablecoin choice for on-chain transactions.</p>
<p style="text-align: justify">PYUSD is backed by tangible assets such as US treasuries and dollar reserves. Issued by the reputable blockchain services provider Paxos, this stablecoin is a beacon of stability and programmability in the digital currency realm. Its compatibility with the Ethereum blockchain enhances its utility for a range of applications including DeFi collateral use and transactions within Ethereum’s network.</p>
<h2 id="partnership-paves-way-for-defi-integration">Partnership Paves Way for DeFi Integration</h2>
<p style="text-align: justify">The partnership between Chainlink and Paxos to establish the PYUSD Price Feed highlights their mutual dedication to furthering the progress of tokenized assets and on-chain finance. By incorporating Chainlink’s esteemed oracle services, PYUSD’s functionality within DeFi improves and connects traditional finance and blockchain more closely.</p>
<p style="text-align: justify">PYUSD is becoming increasingly integral to Ethereum’s dynamic ecosystem and the wider DeFi sector, fostering financial innovation and global inclusivity. The collaboration between Chainlink and Paxos is emblematic of blockchain’s potential to merge traditional financial models with the burgeoning decentralized finance sector, aiming to extend on-chain financial services access to a worldwide user base.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/paypals-stablecoin-pyusd-advances-with-chainlink-integration-for-market-clarity" rel="noopener noreferrer nofollow">PayPal’s Stablecoin PYUSD Advances with Chainlink Integration for Market Clarity</a></h5>

PayPal’s Stablecoin PYUSD Advances with Chainlink Integration for Market Clarity

قائمة المحتويات

BH NEWS

المزيد من المقالات نُشرت في ٧ فبراير ٢٠٢٤

Binance Faces Legal Action in Uzbekistan for License Violation

US crypto miners challenge EIA’s energy usage survey

Bitcoin Halving 2024: How Miners Will Influence BTC Price Future Trend

Ripple’s Revolution: Pioneering Global Finance Through Asset Tokenization

South Korea To Probe OKX Amid Crypto Crackdown, What’s Next?

Obama Likens Bitcoin to Portable Swiss Banking

انضم إلى مجلتنا الإخبارية المجانية لآخر تحديثات مجال العملات المشفرة يوميًا.