United

Coin

<ul class="news-points"> 
 <li><strong>PayPal introduces a stablecoin dubbed PayPalUSD, becoming the first major fintech to launch a stablecoin.</strong></li> 
 <li><strong>The platform also announces a giveaway for its US adult customers.</strong></li> 
 <li><strong>As per the announcement, there will be 100 winners for the lucky draw, and each of them will be awarded $50.</strong></li> 
</ul> 
<p>PayPal has become the first major fintech to introduce a <a href="https://coinedition.com/what-is-a-stablecoin/" rel="noopener noreferrer nofollow">stablecoin</a> with the launch of its PayPalUSD (PYUSD). Following the launch, the fintech giant announced a PayPal Pays Back Giveaway or the “Sweepstakes” to its adult customers in the United States, offering an award of $50 to the winner of the lucky draw.</p> 
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   <p lang="en" dir="ltr">Ordering in tonight? We’ve cooked up a <a href="https://twitter.com/hashtag/PayPalPaysBack?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#PayPalPaysBack</a> Giveaway to fuel your <a href="https://twitter.com/hashtag/TakeoutTuesday?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#TakeoutTuesday</a>. Enter for a chance to win one of 100 $50 prizes. <br><br>To enter: Follow <a href="https://twitter.com/PayPal?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@PayPal</a><br>DM us the email address associated with your PayPal &amp; <a href="https://twitter.com/hashtag/PayPalPaysBack?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#PayPalPaysBack</a><br><br>Official Rules: <a href="https://t.co/3Z3Gy611ZZ" target="_blank" rel="noopener noreferrer nofollow">https://t.co/3Z3Gy611ZZ</a> <a href="https://t.co/1ecd4RXsRL" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/1ecd4RXsRL</a></p>— PayPal (@PayPal) <a href="https://twitter.com/PayPal/status/1688762936108503040?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 8, 2023</a> 
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<p>On Monday, PayPal announced the introduction of PayPalUSD as an initial strategy for paving its way to the wider crypto space. The platform intends to extend its services to the world of virtual currencies, first by embracing digital curr…</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/paypal-launches-paypalusd-stablecoin-announces-giveaway/">PayPal Launches PayPalUSD Stablecoin, Announces Giveaway</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

PayPal Launches PayPalUSD Stablecoin, Announces Giveaway

Coin Edition

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