Stablecoin

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  Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">website policy</a>&nbsp;prior to making financial decisions. 
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<ul> 
 <li>PayPal Holdings Inc. is launching PYUSD, a stablecoin backed by US dollar deposits, short-term Treasuries, and cash equivalents, <a href="https://www.bloomberg.com/news/articles/2023-08-07/paypal-launches-us-dollar-stablecoin-pyusd-for-payments-transfers" target="_blank" aria-label="as reported by Bloomberg (opens in a new tab)" rel="noopener noreferrer nofollow" class="deco-link">as reported by Bloomberg</a>.</li> 
 <li>The stablecoin aims to enhance PayPal’s dominance in digital payments by facilitating instant and low-cost transfers without intermediaries.</li> 
 <li>Initially, PYUSD will be mainly used in the cryptocurrency and web3 sectors, with plans to expand into remittances and micro-payments gradually.</li> 
</ul> 
<p>This is a developing story and will be updated.</p> 
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<p>The post <a rel="noopener noreferrer nofollow" href="https://tokenist.com/paypal-to-launch-stablecoin-backed-by-us-dollar-deposits-and-t-bills/">PayPal to Launch Stablecoin Backed by US Dollar Deposits and T-Bills</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://tokenist.com">Tokenist</a>.</p>

PayPal to Launch Stablecoin Backed by US Dollar Deposits and T-Bills

Tokenist

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