PayPal USD is a stablecoin backed by secure and highly liquid assets. It is designed to maintain a stable $1 USD value and is backed by dollar deposits, US treasuries, and cash equivalents. In just few steps, users can buy, sell & hold the PYUSD or even send it to friends in the US without paying fees on Paypal. The stablecoin can be sent to Ethereum wallet addresses that accept PYUSD, used to checkout and pay for items too, though fees may apply here. Need I mention that it can also be used to buy other cryptos as well.Interestingly, developers are not left out, they can use PayPal USD as the payments layer to build new services and products on public blockchains.It seems Paypal has made it pretty easy for users to manage their finances. PYSUD has a market cap of $44.3 million and is listed on tier 1 exchanges like Bitget, Kraken, Kucoin and Coinbase. Do you guys think that PYUSD has what it takes to rival USDT?
