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Payment giant PayPal is launching its own stablecoin called PayPal USD (PYUSD) - it will be issued by Paxos and used for payments/transfers. PYUSD will be backed by dollar deposits, short-term treasury bills and other similar cash equivalents. #paypal #bitcoin

Payment giant PayPal is launching its own stablecoin called PayPal USD (PYUSD) - it will be issued by Paxos and used for payments/transfers.

PYUSD will be backed by dollar deposits, short-term treasury bills and other similar cash equivalents.

#paypal #bitcoin

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