1H
-0.01%$0.0001
24H
-0.03%$0.0003
7D
0.02%$0.0002
30D
-0.03%$0.0003
PYUSD’s integration into Cardano enhances DeFi liquidity, providing users with new stablecoin options and increasing cross-chain transaction potential.
A major aspect of the Layer1 solution is self-custody, giving businesses complete control over their digital assets and private keys.
According to PayPal, its system could use any currency. The company has already added numerous blockchain-related features to its platform, including the MetaMask Wallet, PayPal USD, and Ethereum.
Individuals with compatible external wallets, as well as merchants who embrace PYUSD for payments, will be able to receive transfers from Venmo users.
Despite the slow uptake, the transparency report suggests that PYUSD is effectively backed up by reverse repurchase agreements.
PayPal USD is designed to maintain a stable $1 USD value. It’s backed by dollar deposits, US treasuries, and cash equivalents.
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