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PayPal Stablecoin; Designed for Payments


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PayPal USD is a stablecoin backed by secure and highly liquid assets. It is designed to maintain a stable $1 USD value and is backed by dollar deposits, US treasuries, and cash equivalents.

In just few steps, users can buy, sell & hold the PYUSD or even send it to friends in the US without paying fees on Paypal.

The stablecoin can be sent to Ethereum wallet addresses that accept PYUSD, used to checkout and pay for items too, though fees may apply here.

Need I mention that it can also be used to buy other cryptos as well.

Interestingly, developers are not left out, they can use PayPal USD as the payments layer to build new services and products on public blockchains.

It seems Paypal has made it pretty easy for users to manage their finances.

PYSUD has a market cap of $44.3 million and is listed on tier 1 exchanges like Bitget, Kraken, Kucoin and Coinbase. Do you guys think that PYUSD has what it takes to rival USDT?

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1 hour ago, XTRAVAGANZA said:

In just few steps, users can buy, sell & hold the PYUSD or even send it to friends in the US without paying fees on Paypal.

The stablecoin can be sent to Ethereum wallet addresses that accept PYUSD, used to checkout and pay for items too, though fees may apply here.

Need I mention that it can also be used to buy other cryptos as well.

If that's the case, then I believe the next step is for the dev team to create an in-app EVM wallet that can process payment natively for PayPal users who wishes to use the stablecoin for transaction on the platform

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On 26/09/2023 at 20:43, XTRAVAGANZA said:

PayPal USD is a stablecoin backed by secure and highly liquid assets. It is designed to maintain a stable $1 USD value and is backed by dollar deposits, US treasuries, and cash equivalents.

In just few steps, users can buy, sell & hold the PYUSD or even send it to friends in the US without paying fees on Paypal.

The stablecoin can be sent to Ethereum wallet addresses that accept PYUSD, used to checkout and pay for items too, though fees may apply here.

Need I mention that it can also be used to buy other cryptos as well.

Interestingly, developers are not left out, they can use PayPal USD as the payments layer to build new services and products on public blockchains.

It seems Paypal has made it pretty easy for users to manage their finances.

PYSUD has a market cap of $44.3 million and is listed on tier 1 exchanges like Bitget, Kraken, Kucoin and Coinbase. Do you guys think that PYUSD has what it takes to rival USDT?

PYUSD is still at its nascent stage tho with the features of converging tradFi & DeFi is somewhat spectacular if it works according to plan, it could be in a tough competition with USDT in the near future. 

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