PayPal’s Stablecoin Launch Is a ‘Seminal Moment’ for the Industry: Paxos Head of Strategy

Global payments giant PayPal is launching its own U.S. dollar-pegged stablecoin, PayPal USD (PYUSD). The Ethereum-based token will be available to PayPal users in the U.S. and is being issued by Paxos Trust Company. Paxos Head of Strategy Walter Hessert discusses the partnership, the use cases of stablecoins, and the state of U.S. regulatory oversight for the crypto sector.

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Global payments giant PayPal is launching its own U.S. dollar-pegged stablecoin, PayPal USD (PYUSD).

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