A new listing has been added to the CoinPort Exchange - PayPal USD (PYUSD), which is an ERC20 Smart Contracts on the Ethereum blockchain.
PayPal USD (PYUSD)is a stablecoin backed by secure and highly liquid assets. PayPal USD is designed to contribute to the opportunity stablecoins offer for payments and is 100% backed by U.S. dollar deposits, short-term U.S Treasuries and similar cash equivalents.
PayPal USD is redeemable 1:1 for U.S. dollars and is issued by Paxos Trust Company.
From August 2023, eligible PayPal customers who purchase PayPal USD will be able to:
Kind regards
The CoinPort Exchange Team