PayPal’s New Stablecoin Launched on Coinbase to Challenge Tether (USDT) and Stellar (XLM)-Based USD Coin Market Dominance
PayPal’s stablecoin (PYUSD) has been listed on Coinbase after the likes of Kraken, ByBit, Huobi, and Crypto.com made it available for trading. Unfortunately, the last couple of months have been difficult for the asset class as the market cap of stablecoins declined for the 17th consecutive month. The stablecoin dominance of Tether’s USDT, Stellar’s (XLM), […