PayPal becomes first financial service to launch a US dollar stablecoin

PayPal has broken ground in the stablecoin sector by officially launching its own digital currency pegged to the US dollar.  The financial service has dubbed its stablecoin ‘PayPal USD’ or ‘PYUSD’, and will be primarily used to be exchanged for its fiat currency counterpart, as well as to be used to buy and sell other … Continue reading PayPal becomes first financial service to launch a US dollar stablecoin