CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
CoinTurk News 2023-09-13 15:45:26

Paxos Releases Transparency Report for PayPal Stablecoin: Here Are the Details

Stablecoin issuer Paxos has published its first transparency report for PayPal USD (PYUSD), an Ethereum-based stablecoin, and stated that PayPal USD is fully backed by assets. The report confirms that PYUSD is fully backed by assets and that the total asset amount exceeds the token balance. The post Paxos Releases Transparency Report for PayPal Stablecoin: Here Are the Details appeared first on COINTURK NEWS.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.