10 months ago
2

⚡ PayPal's stablecoin may boost Ethereum's price. Collaborating with Paxos, PayPal's team launched PayPal USD (PYUSD) stablecoin on Ethereum's blockchain. Increased network users through PayPal's clientele could drive up the cryptocurrency's value. PYUSD is fully backed by USD deposits, short-term treasury bonds, and similar assets. Pegged to the dollar, it will be available to PayPal customers in the USA.

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