Here is first manual covering what PayPal stablecoin PYUSD is, how to use it and what to know while buying PYUSD
PYUSD is the first stablecoin launched by a"classic" fintech. It is designed to streamline payments in the PayPal application for its customers and remove the necessity to use fiat U.S. Dollar, Bitcoin or an altcoin for money remittances and payments in e-commerce. This, in turn, makes all of PayPal's operations more streamlined and cost efficient.The first announcement of PayPal's stablecoin launch made headlines on Aug. 7, 2023.
Then, you need to top up your account with a credit card. Also, you can ask somebody to send you some money via PayPal. The two largest cryptocurrencies, Bitcoin and Ethereum , are responsible for the majority of its digital assets treasury. They account for $499 million and $362 million, respectively.So far, two large-scale cryptocurrency exchanges have announced their support for PayPal's stablecoin,The first one is Justin Sun's Huobi, one of the largest cryptocurrency ecosystems in Asia. Huobi promotes its listing as the first-ever such announcement for PYUSD.
As such, there are no signs that PayPal stablecoin PYUSD is a scam, an element of a pump-and-dump scheme or can somehow be used in malicious activity.is available for all customers of the PayPal payments application. They can set up an account, pass KYC procedures, fill it with U.S. dollars or supported cryptocurrencies and purchase PYUSD in a couple of clicks.
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