PayPal USD is designed to contribute to the opportunity stablecoins offer for payments and is 100% backed by U.S. dollar deposits, short-term U.S Treasuries and similar cash equivalents.

With the introduction of PYUSD, PayPal is turning this vision into reality. This novel stablecoin comes into existence courtesy of Paxos Trust Co. Staying true to its ‘stablecoin’ categorization, PYUSD boasts of a solid backing through US dollar deposits, short-term Treasuries, and other analogous cash equivalents. According to Monday’s revelation by the San Jose, California-based behemoth, PYUSD is pegged directly to the US dollar, ensuring stability and reliability.

Read How PayPal Expanding In Crypto As Regulation Gets Clarity https://coinpedia.org/news/paypal-makes-a-game-changing-leap-into-crypto-launches-pyusd-stablecoin-powered-by-paxos-trust/