News Explorer — PayPal Stablecoin Imposter Tokens Using the PYUSD Ticker Are Trading on Uniswap

By Decrypt August 08, 2023 In Bitcoin, Cryptocurrencies, Dai, Ethereum, Tether, Trading

PayPal Stablecoin Imposter Tokens Using the PYUSD Ticker Are Trading on Uniswap

Imposter tokens using the PYUSD ticker have appeared on Uniswap, taking advantage of the hype around PayPal’s newly announced ERC20 stablecoin. PayPal confirmed the real contract address for PayPal USD via Etherscan. While PayPal stated that PYUSD would only be available through their platform, it is possible that the stablecoin could find its way onto decentralized exchanges in the future.

uniswap-uni-token-defi-decentralized-finance-gID_7.jpg

Source Article

Aug 7, 1:47 pm

Advertisement

Decrypt

PayPal Stablecoin Imposter Tokens Using the PYUSD Ticker Are Trading on Uniswap

Imposter tokens using the PYUSD ticker have appeared on Uniswap, taking advantage of the hype around PayPal’s newly anno… Read Summary

Source Article

Aug 7, 11:14 am

Blockworks

Coinbase’s Base Attracts Degen Crypto Users Who Have Bridged $124 Million Already

The crypto degen crowd has flocked to Coinbase’s layer2 network, Base, with a significant volume of activity coming from… Read Summary

Advertisement

Coinbase-Base.jpg&w=1920&q=75&webp=false

Source Article

Aug 7, 10:30 am

Blockworks

Senator Elizabeth Warren Has Bipartisan Opposition to Her Crypto Anti-money Laundering Bill

Senators Elizabeth Warren and Roger Marshall have reintroduced their crypto anti-money laundering bill, the Digital Asse… Read Summary

Source Article

Aug 7, 10:39 am

Coindesk

ChatBTC Promises Reliable and Accurate Information About Bitcoin After Training With Vetted Sources

Chaincode Labs has released a new AI tool called ChatBTC, which aims to provide reliable and accurate information about… Read Summary

Source Article

Aug 7, 10:14 am

Decrypt

Reddit Moons and Bricks Soar After Kraken Listing

The native currencies for Reddit communities, MOON and BRICK, experienced significant increases in value after being lis… Read Summary

Source Article

Aug 7, 9:38 am

Protos

Curve Hacker Returns $50 Million In Stolen Funds but Still Target of Bounty

The hacker who stole millions from DeFi lending protocol Curve has returned a portion of the stolen funds after being of… Read Summary

Source Article

Aug 7, 8:26 am

The Block

Tether CTO Says USDT Will Not Be Affected by PayPal PYUSD Stablecoin Launch

Tether’s CTO, Paolo Ardoino, stated that the launch of PayPal’s stablecoin, PYUSD, in the U.S. will not impact Tether’s… Read Summary

Source Article

Aug 7, 8:21 am

The Block

US Congressman Pitches Federal Stablecoin Regulation After PayPal Announcement

House Financial Services Committee Chair Patrick T. McHenry emphasized the importance of passing legislation to regulate… Read Summary

Source Article

Aug 7, 6:20 am

Decrypt

PayPal Launches Native Stablecoin as Part of Crypto Expansion

PayPal is launching its own stablecoin called PayPal USD, which will be issued by Paxos Trust Co. The stablecoin is back… Read Summary

Source Article

Aug 7, 3:31 am

Decrypt

Long-term Bitcoin Holders Now Control a Record 14.599 Million BTC

Long-term Bitcoin holders now control a record 14.599 million BTC, accounting for 75% of the circulating supply. The tot… Read Summary

Source Article

Aug 7, 3:12 am

Decrypt

MakerDAO Approves Temporary Increase in DAI Annual Returns to 8%

The MakerDAO community has approved a temporary increase in annual returns for depositing DAI stablecoin into the protoc… Read Summary

Source Article

Aug 7, 2:59 am

Decrypt

$1.8M Bounty to Dox Curve Hacker Now Open to Public

The deadline for the attacker responsible for the multimillion-dollar Curve Finance CRV exploit to voluntarily return th… Read Summary

Source Article

Aug 7, 2:24 am

The Block

Unknown User Burns $4.5M in Ethereum, Shocking Crypto Community

The crypto community was shocked when an unknown individual burned 2,500 ethereum, worth $4.5 million, by sending it to… Read Summary

Source Article

Aug 7, 2:11 am

The Block

Lido’s Total Value Locked Exceeds $15B and More Than 10,000 New Ethereum Stakers

Lido, the Ethereum staking protocol, has seen its total value locked surpass $15 billion for the first time since May 20… Read Summary

Source Article

Published on

Decrypt

View the full article

You may also like