PayPal Launches Crypto Buying, Selling, and Holding for US Business Accounts Owing to User Demand
Back in 2023, PayPal announced the launch of its own stablecoin, PayPal USD (PYUSD). Pegged against the US dollar, this stablecoin is issued by Paxos Trust Company. In August this year, the PYUSD attained the market cap of $1 billion (roughly Rs. 8,367 crore).