BREAKING: PayPal makes a significant move into the crypto world with the imminent launch of PYUSD, a stablecoin pegged to the U.S. dollar. Issued in collaboration with Paxos Trust Co., PYUSD will be backed by U.S. dollar deposits, short-term Treasury bills, and cash equivalents. This strategic step aims to offer PayPal's U.S. customers a bridge between traditional finance and the crypto realm, allowing smooth transfers between PayPal and compatible external wallets. Notably, PYUSD will be built on the Ethereum blockchain, marking a major development in stablecoin adoption. #PayPal #Stablecoin #CryptoInnovation