PayPal USD PYUSD

PayPal is making significant strides with its PYUSD stablecoin, integrating it into multiple platforms to simplify business and consumer transactions.

PayPal recently marked a significant development in the adoption of digital currencies by completing its first business transaction using its stablecoin, PYUSD.

PayPal’s stablecoin PYUSD has lost nearly 30% of its market capitalization in the past 30 days, falling from over $1 billion to $709 million as of September 26.

PayPal announced a new feature allowing PayPal Business accounts to buy, sell, and trade cryptocurrencies directly through their accounts.