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The Daily Hodl 2023-08-07 18:41:14

PayPal Unveils New Dollar-Backed Stablecoin PYUSD Built on Top of Ethereum Network

One of the world’s leading payments firms is making a new push into crypto with a brand new US dollar-backed stablecoin built on Ethereum (ETH). PayPal is unveiling PayPalUSD (PYUSD), a stablecoin that aims to keep a 1:1 peg with the US dollar. In a new announcement, PayPal says PYUSD is designed to improve payments. “Today, we’re The post PayPal Unveils New Dollar-Backed Stablecoin PYUSD Built on Top of Ethereum Network appeared first on The Daily Hodl .

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