Payment giant PayPal has completed its first business transaction with its dollar-pegged digital asset, PYUSD.

As first reported by Bloomberg, the leading financial technology solution firm utilized the PYUSD for an official business transaction for the first time. On September 23, PayPal paid accounting firm Ernst & Young LLP an undisclosed amount of money using the Paxos-based stablecoin.

#Crypto #CryptoNewsCommunity #CryptoNews🚀🔥V #CryptoNewsUSA #CryptoNewss