💥Breaking News!#PayPallaunches#stablecoin$PYUSD for#Venmousers🚀

💵PayPal USD (PYUSD) is a stablecoin backed by US dollars, short-term US Treasury bonds and other cash equivalent assets, launched by PayPal in collaboration with custody company Paxos 💼💱

👀$BTC $ETH $BNB#PayPalsaid: “PYUSD is already present in crypto experiences and continues to become more widely available as the ecosystem grows. ⚡In the few weeks since its launch on the market, $PYUSD has received tremendous support from the#cryptomarket, evidenced by the rapid listing announcements from exchanges including #huobi, #Kraken, #Coinbase,#Gateio#Cryptocom,#Bitstampand the latest #Bybit.

🔥PayPal will release a standard version of PYUSD's ERC-20 token in the coming months, allowing users to buy and deposit stablecoins on PayPal, Venmo and other compatible wallets.

🎯According to blockchain analytics company #Nansen, as of August 2023, about 90% of PYUSD was held in wallets controlled by Paxos Trust. Cryptocurrency company BitPay announced on September 12 that it would add support for PYUSD, citing “payment utility and community engagement.”

🎯Currently, PayPal has been growing steadily in the crypto space, accepting digital asset payments in 2021 and setting the transition steps for#web3payments in 2023.

💯Good news for the largest online payments company on the planet is that the New York State Department of Financial Services has included PYUSD in the green list of coins approved by regulators💰🌐#PayPal#CryptoNews#Bitcoin# Binance #Metamask