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The Crypto Basic 2023-08-07 14:27:40

PayPal Launches Dollar-Pegged Stablecoin For Payments

PayPal has announced the launch of a US dollar-pegged stablecoin. Leading payments giant PayPal has taken another step into the crypto sector by launching a dollar-pegged stablecoin. According to a press release today, the stablecoin is backed by short-term US Treasuries, US dollar deposits, and cash equivalents. Dubbed PayPal USD, the stablecoin will be issued The post PayPal Launches Dollar-Pegged Stablecoin For Payments first appeared on The Crypto Basic .

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