What is PYUSD?

PYUSD, which stands for PayPal's native stablecoin, is a digital currency introduced by PayPal.

It's designed to be backed by the US dollar on a one-to-one basis, meaning that for every PYUSD in circulation, there's an equivalent amount of US dollars held in reserve.

This stablecoin serves as a digital representation of the US dollar, providing users with a way to hold a cryptocurrency that's tied to the value of a familiar fiat currency.