Chairman of the U.S. House Financial Services Committee: PayPal's stablecoin shows hope for bipartisan legislation
2023-08-07 13:41
Odaily News: Patrick McHenry, Chairman of the House Financial Services Committee, stated that PayPal's stablecoin shows hope for bipartisan legislation. (Jinse)
According to previous reports, PayPal announced the launch of PayPal USD (PYUSD), a stablecoin for transfers and payments. The stablecoin is issued by Paxos Trust Co. and backed by the US dollar, short-term government bonds, and cash equivalents. PYUSD will gradually be made available to PayPal's customers in the United States.
According to previous reports, PayPal announced the launch of PayPal USD (PYUSD), a stablecoin for transfers and payments. The stablecoin is issued by Paxos Trust Co. and backed by the US dollar, short-term government bonds, and cash equivalents. PYUSD will gradually be made available to PayPal's customers in the United States.
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