Odaily Planet Daily News Jose Fernandez da Ponte, senior vice president and general manager of blockchain, cryptocurrency and digital currency at PayPal, said in an interview that PayPal intends to continue its foray into the crypto industry by integrating its newly launched stablecoin PYUSD with the DeFi ecosystem. He said the company hopes its stablecoin can be used for all use cases in the crypto industry. He added that the current use cases of stablecoins in DeFi and PayPal want to ensure that its tokens are viable alternatives to competitors such as USDT and USDC. PYUSD is currently only available through PayPal wallets and is not yet available on centralized exchanges. Da Ponte said the company's current focus is on ensuring that its stablecoin can be listed on CEX as soon as possible. He added that once this obstacle is cleared, people can use PYUSD for almost any purpose in the ecosystem because it is fully compatible with Ethereum. He also stressed that the stablecoin is fully compliant with U.S. regulations and is ready to occupy a considerable market share in the country. As for international expansion, PayPal plans to start in the United States and then consider other markets. However, PayPal currently has no plans to peg the stablecoin to fiat currencies other than the U.S. dollar. (CryptoSlate)