United

<div class="sg-post-des">
  Payment processing giant PayPal started crypto payments in March 2021 and since then has been actively involved in the crypto payment sector. 
</div> 
<div class="cointelegraph"> 
 <p>Financial technology company PayPal <a rel="noopener noreferrer nofollow" title="launch" href="https://thebittimes.com/tag/launch.html">launch</a>ed a new crypto <a rel="noopener noreferrer nofollow" title="stablecoin" href="https://thebittimes.com/tag/stablecoin.html">stablecoin</a> called&nbsp;PayPal USD (PYUSD) on Aug. 7.&nbsp;</p> 
 <p> The new <a rel="noopener noreferrer nofollow" title="stablecoin" href="https://thebittimes.com/tag/stablecoin.html">stablecoin</a> will be issued by Paxos Trust Co. and fully backed by United States dollar deposits, short-term Treasuries and similar cash equivalents, according to a Bloomberg report. The firm said that the new <a rel="noopener noreferrer nofollow" title="stablecoin" href="https://thebittimes.com/tag/stablecoin.html">stablecoin</a> will be available soon to the United States customers.</p> 
 <p>The <a rel="noopener noreferrer nofollow" title="launch" href="https://thebittimes.com/tag/launch.html">launch</a> of a <a rel="noopener noreferrer nofollow" title="stablecoin" href="https://thebittimes.com/tag/stablecoin.html">stablecoin</a> could push the company's bid to become a crypto <a rel="noopener noreferrer nofollow" title="payment" href="https://thebittimes.com/tag/payment.html">payment</a> giant, a contention that the company started in first quarter of 2021 after making way for crypto <a rel="noopener noreferrer nofollow" title="payment" href="https://thebittimes.com/tag/payment.html">payment</a>s on the paltform.</p> 
 <p>The company first confirmed its plan to launch a crypto stablecoin in January 2022 claiming it would work on the stablecoin and will do so while working closely with relevant regulators.</p> 
 <p class="post-content__disclaimer">This is a developing story, and further information will be added as it becomes available. </p> 
 <template data-name="subscription_form" data-type="markets_outlook"></template> 
</div>

Breaking: Paypal launches stablecoin for payment

TheBitTimes

2023년 8월 7일에 게재된 다른 기사

Influencer Sues Bitget Over ReelStar Token Listing Controversy

Shiba Inu & MATIC Baffled: VC Spectra’s Stage 2 Gain Grabs Global Attention!

Curve Offering $1.85 Million Bounty for Exploiter’s Identity

BUIDL-Weekly: 31JUL23 - 06AUG23

WhiteBIT Crypto Exchange Has Launched Its Own Blockchain

Ripple and XRP Saga to Be Used as Key Ammo in Terra Luna Trial in Korea

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!