PayPal launched its own privately issued dollar stablecoin, PYUSD, in 2023.

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"PayPal launched its own privately issued dollar stablecoin, PYUSD, in 2023."

PayPal launched PYUSD in August 2023, with the token issued by regulated Paxos Trust Company and designed for use inside and outside PayPal's ecosystem.

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Source title PayPal Launches U.S. Dollar Stablecoin

Source authors PayPal

Source year 2023

Confidence high

Importance high