PayPal has processed its first business payment using its stablecoin PYUSD! 🚀

- The payment was sent to Ernst & Young via the SAP digital currency platform.

- PYUSD was launched in August 2023 and has already reached a market cap of $699 million.

- PayPal is actively developing its digital assets, allowing business users in the US to trade cryptocurrency.

The future of stablecoins looks interesting, but the market remains under pressure.