Thomas White/Reuters
- PayPal dives deeper into crypto with the launch of its first stablecoin pegged to the US dollar.
- Dubbed PayPal USD, the new stablecoin will facilitate person-to-person payments and fund purchases.
- The stablecoin aims to"build the bridge between between Fiat and Web3 for consumers," PayPal said.
PayPal is wading further into the cryptocurrency world with the launch of its first stablecoin pegged to the US dollar.
Dubbed PayPal USD (PYUSD), the stablecoin aims to "build the bridge between between Fiat and Web3 for consumers."