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Cryptocurrency Q&A What is PayPal USD/PYUSD?

What is PayPal USD/PYUSD?

Dario Dario Tue Oct 15 2024 | 5 answers 909
PayPal USD (PYUSD) is a stablecoin issued by PayPal on the Ethereum network. It is fully backed by US dollar deposits, US Treasuries, and cash equivalents, providing a 1:1 peg to the USD. PYUSD aims to enhance virtual payments, offering faster and more efficient transactions. Paxos, a regulated partner, issues PYUSD, ensuring transparency and trust. What is PayPal USD/PYUSD?
paypal usd pyusd

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