π³π± #PayPal enters the #stablecoin game! π Introducing PayPal USD, a U.S. dollar-backed #cryptocurrency aimed at boosting digital #crypto adoption for payments & transfers. π°π #DigitalCurrency #CryptoPayments #btc #bitcoin
Discussion
Shitcoiners gonna shitcoin
You give money to PYPL, they use it to buy treasuries and earn interest and you get a shit token.
Valid concerns πIt appears that PayPal's approach is reminescent of USDT's business model. If Tether has reported a record reserve surplus to invest in #Bitcoin, it showcases the potential for stablecoins like PayPal USD to do the same. This move could bring joy π° to Bitcoiners ππ