PayPal is a money service provider that created a stablecoin called PayPalUSD (PYUSD). It is purportedly backed by dollars, U.S. Treasuries, and other cash equivalents. The Bottom Line Stablecoins ...
Note: This story has been updated with additional information. Detroit is set to become the first major U.S. city to accept cryptocurrency for taxes and other city fees, top officials from the city ...
It's also been expanding its own BNPL platform and facilitating more cross-border transactions with its PayPal USD stablecoin. Those initiatives could gradually boost its TPV to offset its dismal ...
PayPal is a crypto-friendly organization and could even develop its own stablecoin – possibly dubbed PayPal Coin and backed by the US Dollar – in the near future. At the start of January 2023 ...
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