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PayPal entered the crypto payments space in 2020 and has been actively engaged in the sector ever since.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/0fcaf0d7a63949f8a978ef33f4dabe58.gif" />On August 7, PayPal, the American fintech company, introduced a new stablecoin named PayPal USD (PYUSD).Paxos Trust Co. will issue the U.S. dollar-pegged stablecoin, which will be fully backed by U.S. dollar deposits, short-term Treasurys, and similar cash equivalents. Built on Ethereum and optimized for digital payments and Web3, it will soon be accessible to customers in the <a href="https://cryptosheadlines.com/gemini-a-cryptocurrency-exchange-is-set-to-introduce-a-derivatives-platform-in-international-markets-outside-of-the-united-states/" rel="noopener noreferrer nofollow">United States</a>. <a href="https://cryptosheadlines.com/paypal-introduces-pyusd-stablecoin-for-payments/" rel="noopener noreferrer nofollow">Read More...</a>

PayPal introduces PYUSD Stablecoin For Payments

CryptosHeadlines.com

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