PayPal USD PYUSD

From InvestAnswers:

"PayPal’s PYUSD stablecoin, which launched on Solana, has surpassed a $1 billion market cap, growing 271% since its introduction. Show More

Ever since I wrote about PayPal USD (PYUSD) just 3 DAYS ago, it has grown a whopping 9.6% in total market cap, from $791m to $867m, so I expect this to hit the $1bn mark by the end of this month, August 2024. Show More

In today's review, I will concentrate on the current situation with PYUSD. It appears that there was a lot of talk about this stablecoin during its launch, but it quickly faded into the background. Show More

As this is a stable coin, the rate of the coin will not increase more than it's pegged value. Show More

I would give this coin 1/5 stars for On-Chain Activity.

With 99.99% of the overall supply spread between 2 accounts, PayPal USD has been able to get only 33 token holders and 219 transactions. Show More

PYUSD vs Tether

Currently, there's a prevailing notion that PayPal's USD stablecoin might surpass Tether in prominence. Show More

PYUSD's recent entry into onchain activities has been met with minimal initial engagement. Show More

PYUSD has certainly stirred up some debates, of which the primary bone of contention is probably its centralized nature. Show More

It's a really terrible project with a huge centralization. The main idea behind DeFi is in the first two letters De - decentralization, however, in this project we see how a big web2 project wants to come and bring its centralized values to the world of cryptocurrency.The feature that allows you to freeze your account is crazy. Show More

In a ‘strategic’ move that captured the attention of the whole of the financial world, PayPal unveiled its latest endeavour: Show More

PayPal's new PYUSD stablecoin aims to merge the convenience of PayPal with the speed and efficiency of crypto. Show More

I don't know why anyone would trust PayPal when it comes to crypto. Here are 2 reasons why I would never use PYUSD. Show More

A series of counterfeit tokens of PayPal's stablecoin - PYUSD have emerged.

Similar to USDT or USDC, PayPal USD (PYUSD) is a type of stablecoin backed by the US dollar, short-term US government bonds, and other cash-equivalent assets. Show More

This is great for the mainstream adoption of crypto, as mum and dad will likely be far more accepting to a digital dollar with a PayPal logo on it, rather than USDT or USDC, which are created from entities they have never heard about. Show More

This innovative digital asset seamlessly combines the convenience of PayPal with the cutting-edge technology of cryptocurrencies, creating a captivating and secure platform for financial transactions. Show More