The world’s largest debit electronic payment system PayPal launches its own stablecoin (cryptocurrency, which is trying to stabilize the binding of their quotes to ordinary currencies or exchange products) – PayPal USD (PyUSD).
This is stated in the message on the company’s website.
“Presenting the new PayPal USD cryptocurrency (PyUSD). This is a stabiblcoin secured by reliable and highly liquid assets. As PyUSD spreads, you can buy, sell, store and transfer it in our application or on our website,” the report said.