The total assets held in PayPal USD custody “meet or exceed the token balance,” with total tokens outstanding amounting to $44.4 million as of Aug. 31, a Paxos report states.
PayPal USD (PYUSD) Price Index
PayPal USD News
PayPal’s stablecoin debut raised hopes for broader adoption and an introduction of cryptocurrencies to the masses. Early adoption trends paint a different picture.5359
Industry experts explain the benefits and disadvantages of PayPal’s PYUSD stablecoin.18585
PayPal has launched its own stablecoin, dubbed PayPal USD (PYUSD). The coin is only available to American customers.72
Rep. Maxine Waters said she was “deeply concerned” about PYUSD without a proper regulatory framework in place, while Rep. Patrick McHenry said it “hold[s] promise.”2677