Stablecoinsare often proposed as one of the most logical use cases for cryptocurrencies.

Now,PayPalis getting into the business of cryptocurrencies with its new stablecoin, the PayPal USD.

More specifically, it’s supported by things like US dollar deposits and short-term US treasuries.

iPhone 16e with iPhone 16 Plus and iPhone 16 Pro in hand against grey wall.

Furthermore, PayPal’s supported cryptos can also be converted to and from PYUSD as well.

That stablecoin wasn’t backed by real currency, however, unlike many others.

Source:PayPal

Via:TechCrunch