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What is PayPal USD, and how does it work?

Published 08/14/2023, 11:44 AM
Updated 08/14/2023, 01:20 PM
PYPL
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While the PayPal (NASDAQ:PYPL) USD stablecoin has the potential to compete with other established stablecoins, it will need to overcome some hurdles.

The unveiling of the PayPal USD stablecoin marks the entry of a major regulated financial entity into the crypto space, which could give the cryptocurrency industry the much-needed legitimacy it has been seeking. As such, PYUSD stablecoin is expected to find favor among crypto enthusiasts as looming regulations roil the crypto market and cause uncertainty.

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