Wednesday, June 26, 2024

Branded Stablecoins Like PYUSD to Proliferate as Market Expands: Bernstein

by Jeremy

Simply this week, funds big PayPal (PYPL) mentioned it was getting into the crypto market with its personal dollar-pegged stablecoin, PayPal USD (PYUSD). This can be a first for a serious monetary firm. The Ethereum-based token will likely be obtainable first on PayPal after which on Venmo, and may be exchanged for {dollars} at any time.

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