Former Chairman of the CFTC: PayPal's stablecoin PYUSD "has value apart from Crypto"
2023-08-09 15:52
Odaily News: According to former chairman of the U.S. CFTC, Timothy Massad, the launch of PayPal's USD stablecoin PYUSD signifies the first time a traditional financial company has introduced its own stablecoin and demonstrates that the technology has value beyond crypto. PayPal is conveying the message that they believe this technology could be beneficial for broader payment purposes.
In previous news, PayPal announced the launch of the USD stablecoin PayPal USD (PYUSD) for transfers and payments. This stablecoin is issued by Paxos Trust Co. and backed by the U.S. dollar, short-term government bonds, and cash equivalents.
In previous news, PayPal announced the launch of the USD stablecoin PayPal USD (PYUSD) for transfers and payments. This stablecoin is issued by Paxos Trust Co. and backed by the U.S. dollar, short-term government bonds, and cash equivalents.
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