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#PYUSD

PYUSD is a stablecoin issued by PayPal, pegged to the US dollar.

Paxos confirms 100% backing of PayPal's PYUSD stablecoin
ForkLog 25 13.09.2023

Paxos confirms 100% backing of PayPal’s PYUSD stablecoin

As of August 31, the total value of assets on PayPal's account equals or exceeds the PYUSD token balance, according to a Paxos report.
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Nansen flags weak demand for PayPal’s PYUSD
ForkLog 26 28.08.2023

Nansen flags weak demand for PayPal’s PYUSD

More than 90% of the total supply of PayPal's PYUSD stablecoin remains on the balance sheet of its issuing Paxos.
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PayPal to launch cryptocurrency hub for select users
ForkLog 10 14.08.2023

PayPal to launch cryptocurrency hub for select users

PayPal will launch a cryptocurrency hub for select users — a service for storing and interacting with digital assets on the platform.
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PayPal's stablecoin raises concerns in the U.S. Congress
ForkLog 15 10.08.2023

PayPal’s stablecoin raises concerns in the U.S. Congress

US Representative Maxine Waters expressed 'deep concern' about PayPal's stablecoin launch. She pointed to the lack of a regulatory framework for such assets.
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JPMorgan: PayPal's stablecoin could lift activity on Ethereum
ForkLog 24 09.08.2023

JPMorgan: PayPal’s stablecoin could lift activity on Ethereum

Launched by the payments giant PayPal, the stablecoin PYUSD could benefit Ethereum by increasing the total value locked (TVL). This was stated by The Block analyst Nikos Panigirtzoglou.
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Crypto community weighs PayPal's stablecoin prospects
ForkLog 24 08.08.2023

Crypto community weighs PayPal’s stablecoin prospects

Following PayPal's stablecoin launch, regulators called for swifter regulatory oversight of the stablecoins segment.
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