Entity

PYUSD-backed

PYUSD-backed refers to stablecoins that are pegged to the value of PayPal's US dollar stablecoin, PYUSD, and are built on top of it by developers for specific applications.

Why it’s in the news: It is in the news because PayPal is enabling developers to create these new, application-specific stablecoins, expanding the use cases for its own digital currency.

Latest on PYUSD-backed

  • PayPal helps developers build application-specific PYUSD-backed stablecoins

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