PayPal is set to expand the reach of Stablecoin and PayPal USD (PYUSD) on IT USD pages.
According to a Bloomberg report dated February 26, 2025, PayPal is Stablecoin as an option for more than 20 million small-sized merchants to pay vendors through future bill payment products by the end of this. We aim to provide Pyusd. year.
Michelle Gill, general manager of PayPal's Small Business and Financial Services Group, commented on the development. . The paper is as follows: Can you promote it with PYUSD rails so that currency conversion, friction, not just time, not time? ”
PayPal first launched Stablecoin in August 2023 on the Solana and Ethereum blockchains.
Today we are unveiling a new Stablecoin, PayPal USD (PYUSD). It is designed for payments and is supported by highly fluid and secure assets. Starting today, you can unfold in the next few weeks and buy, sell, retain and transfer PYUSD. For more information, please visit https://t.co/53rrbhmnhx pic.twitter.com/53ur2kmju7
– PayPal (@paypal) August 7, 2023
Like PayPal, Crypto.com and Kraken launch Stablecoins
Crypto will replace Crypto.com and Kraken may soon introduce its own Stablecoins. This strategic decision could be a response to the European Union's market in crypto assets (MICA) regulations, requiring exchanges to comply with strict regulations regarding the use of stubcoins within the region. there is.
The Bloomberg report dated February 20, 2025 hints at new entrants such as Crypto.com and Kraken.
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Exploration: Tron launches USDT's “Gas-free” feature next week: The best code to buy while dipping?
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Key takeout
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PayPal's Stablecoin is built on the Ethereum (ETH) and Solana (Sol) blockchains.
PayPal's decision to expand PYUSD for global payments represents a bold step towards integrating blockchain technology into the mainstream financial system.
PayPal Post Extends PYUSD for Global Payments: Explore the best cryptography to buy! It first appeared in 99 Bitcoin.
