PayPal, one of the world’s largest payment companies, made a very interesting move today and announced PayPal USD (PYUSD). This stablecoin, protected by Paxos Trust, is backed by US dollar deposits, short-term treasury bonds, and similar cash-equivalent assets. The post A Surprising Move by PayPal: The Story behind PayPal’s Stablecoin Launch appeared first on COINTURK NEWS.
