Global payment giant PayPal announced on August 7 that it will collaborate with Paxos Trust, a New York-based cryptocurrency financial services company, to launch PayPal USD (PYUSD) stablecoin. Furthermore, on August 21, the company announced that it had already introduced the PYUSD to some users on its payment platform Venmo. What exactly is this stablecoin issued by PayPal? Can it disrupt the existing stablecoin market and even lead the world toward a new form of payment?
11/16/2023, 7:44:07 AM