PayPal’s stablecoin, PYUSD: Why it’s a good idea | Fortune Crypto

Author: Zulugrel
Date: 11.01.2024
Categories: Paypal

Bitcoin, Ether rise; Solana leads post-PayPal stablecoin launch rally; several US banks downgraded

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PayPal’s push into stablecoins could pay off big-time

Coinbase has decided to start supporting Paypal. Depending on the country of residence, in fact, users will be able to withdraw fiat. The crypto market received a boost from global payment giant PayPal's stablecoin launch on Monday.

Known as PayPal USD (PYUSD), the stablecoin. Wait, so you can't buy bitcoin from Paypal and actually take custody of it?

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