🗞️ PYUSD, the stablecoin developed by PayPal, was set to collaborate with FTX for an initial launch on Solana in 2022. Although a cooperation agreement was inked, the project was put on hold following FTX's unexpected setback, sources revealed.

Currently, due to the U.S. SEC's classification of major public chain tokens as securities, the prospects of PYUSD's expansion to other L1 blockchains have encountered obstacles.

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