PayPal releases PYUSD report amid stablecoin market decline
In a recent transparency report, PayPal’s newly unveiled stablecoin, PYUSD, showed promise for global payments but indicated a long road ahead for its adoption. Despite its entry into a market filled with competitors facing their issues, PYUSD’s initial performance suggests it has a significant distance to cover. Paxos Trust, the company responsible for issuing PayPal’s…