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Today PayPal launched an #etherium -backed stablecoin #pyusd to it's 435 million active users. But what the REAL story? #crypto ๐Ÿงต (1/6)

Today PayPal launched an #etherium -backed stablecoin #pyusd to it's 435 million active users.

But what the REAL story? #crypto

๐Ÿงต (1/6)

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My X Imtiazzavi
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Back in 2019 Facebook attempted to launch a US-backed stablecoin, #Libra.

They got backing from 30+ corporate heavyweights, all committing around $10M.

The companies included:

Visa, Mastercard, Uber, Spotify, Ebay, Coinbase, Stripe, and YES.. even PayPal. ๐Ÿ˜ฒ

๐Ÿงต (2/6)
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