PayPal is rolling out its own stablecoin

posted  7 Aug 2023
Photo - PayPal is rolling out its own stablecoin
Partnering with Paxos Trust, financial giant PayPal has unveiled PayPal USD (PYUSD), focusing on swift and budget-friendly payments.

With backing from dollar deposits, short-term government securities, and similar cash equivalents, PayPal's CEO, Dan Schulman, envisions the stablecoin bolstering the company's foothold in the digital currency space:
The vision over time is that this becomes a part of the overall payments infrastructure.