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PayPal USD is a stablecoin that’s fully backed by US dollar deposits, US treasuries, and similar cash equivalents


Categories
Micro Review (7)
Marketing (1)
Progress (1)
On-Chain Activity (2)

Average Score2.6 A
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TOP REVIEWS
LATEST REVIEWS

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

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

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

$PYUSD has 435M users. Expected $1.49T of payment volume going through their network. Show More

Paypal to issue dollar-pegged crypto stablecoin based on Ethereum

PayPal, the payments behemoth valued at over $71 billion, is making a big move into the crypto world with the launch of #PYUSD - a new stablecoin pegged to the US dollar. Show More

#Idea

PYUSD vs Tether

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

#On-Chain Activity

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

#On-Chain Activity

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

#Marketing

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

#Progress

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

PayPal's introduction of #PYUSD is an exciting development that could significantly advance the mainstream adoption of cryptocurrencies and blockchain technology. Show More

#Buy?

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

#Idea

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

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

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