Ethereum: PayPal Launches U.S. Dollar Stablecoin on The ETH Network
The PayPal USD (PYUSD) issued on Ethereum is redeemable at a ratio of 1:1 with the United States dollar. PayPal partnered with Paxos, which facilitated the minting of BUSD, to issue the new stablecoin. The recent change in regulatory scope on stablecoins and digital assets in the United States has undeniably created the much-needed avenue […