PayPal Launches U.S. Dollar Stablecoin

Online Crypto Payment Methods

Author

Power With-In
August 08, 2023

Introducing PayPal USD, a stablecoin backed by U.S. dollar assets. It is issued by Paxos Trust Company and regulated by the New York State Department of Financial Services. Its value remains constant at $1.00 per unit. Paxos will release monthly reports detailing the reserves and their value, following strict standards. PayPal is committed to educating users about digital currencies, including cryptocurrencies, stablecoins, and CBDCs. They offer various services related to select cryptocurrencies to help users understand the risks and potential. PayPal has been a leader in digital payments for over two decades, serving millions of users and merchants in 200+ markets worldwide. To learn more about PayPal's crypto services, visit their website.

PayPal Stablecoin | US Dollar Cryptocurrency

PayPal Stablecoin is a US dollar cryptocurrency now available to consumers. Learn more about our stablecoin and how to buy it here.

www.paypal.com/us/digital-wallet/manage-money/crypto/pyusd

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Paypal announced Monday that it is launching an Ethereum blockchain-based stablecoin pegged to the U.S. dollar.

forkast.news/headlines/paypal-usd-stablecoin-ethereum

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