PayPal Holdings Inc. is launching a U.S. dollar-denominated stablecoin, the company announced Monday. The PayPal USD stablecoin (PYUSD) will be redeemable...
PayPal Holdings Inc. PYPL is launching a U.S. dollar-denominated stablecoin, the company announced Monday. The PayPal USD stablecoin will be redeemable one-to-one for U.S. dollars and will be issued by Paxos Trust Company, the company said in a release. “The shift toward digital currencies requires a stable instrument that is both digitally native and easily connected to fiat currency like the U.S. dollar,” Chief Executive Dan Schulman said in a statement.
... PayPal Holdings Inc. PYPL is launching a U.S. dollar-denominated stablecoin, the company announced Monday. The PayPal USD stablecoin will be redeemable one-to-one for U.S. dollars and will be issued by Paxos Trust Company, the company said in a release. “The shift toward digital currencies requires a stable instrument that is both digitally native and easily connected to fiat currency like the U.S. dollar,” Chief Executive Dan Schulman said in a statement.
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