According to CoinDesk, DEXTools data shows that there are currently more than 66 counterfeit PYUSD tokens on Ethereum, BNB Chain, Base and other networks, and most of them are already circulating on Ethereum.
Scammers are trying to exploit PayPal USD (PYUSD), the U.S. dollar stablecoin launched by PayPal, to commit fraud by issuing fake tokens on various networks. Investors need to be aware of the risks.