Cryptocurrency: PayPal launches a “stablecoin” : Orishas-finance

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Cryptocurrency: PayPal launches a “stablecoin”

09/08/2023

Categories: Economy/Forex

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Cryptocurrency: PayPal launches a “stablecoin”

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^{Paypadollar is the first “stable” cryptocurrency created.} It was launched by PayPal at parity with the dollar.

PayPal USD is the first “stable” cryptocurrency deployed by a major company specializing in online payments. PayPal users could buy PayPal USD, transfer it to other digital wallets, convert it into other cryptocurrencies, use it to pay online or to receive money from relatives, the California-based group said in a statement. Stablecoin is a cryptocurrency: transactions are recorded on a decentralized ledger, the blockchain, and not by a bank as

with traditional devices.

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