Ripple CTO Defends PayPal Stablecoin PYUSD Over Potential Centralization Issue

PayPal, the global payments giant, announced on August 7, 2023, the launch of its own stablecoin, PayPal USD (PYUSD). PYUSD is pegged to the U.S. dollar and is issued by Paxos Trust. The company said that PYUSD will make it easier for users to buy, hold, and use cryptocurrencies in everyday transactions. The launch of The post Ripple CTO Defends PayPal Stablecoin PYUSD Over Potential Centralization Issue appeared first on Times Tabloid .