PayPal's initiative for a new stablecoin could be a threat to what many crypto evangelists hold dear — decentralization. The announcement of a large American payments firm entering the space is seen as a positive sign in a sector facing regulatory uncertainty and a bear market, but it also renews the debate over centralization.
was celebrated as a show of crypto might on Monday, with the promise of a large American payments firm entering the space seen as a positive omen in a sector plagued with regulatory uncertainty and ongoing bear market. It's also reigniting the age-oldWhile a well-established fintech with deep web2 roots creating the PYUSD stablecoin could be a long-term, net positive
“PayPal will indeed bolster the perception and acceptance of cryptocurrencies,” zkLend co-Founder Jane Ma told The Block, arguing that PayPal’s reputation for transparency and experience navigating the regulatory landscape automatically lends its PYUSD stablecoin a degree of credibility.“As part of a prominent U.S. financial organization, PYUSD will inherently operate with centralized administrative functions,” said Ma.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
PayPal Launches PYUSD Stablecoin: Guide to What We Know So FarU.S.-based fintech heavyweight PayPal becomes first Web2 major to launch its own native USD-pegged stablecoin. On Aug. 7, 2023, American multinational heavyweight PayPal announced the launch of native stablecoin PayPal USD (PYUSD). This is the first time a Web2 major issues digital assets on a public blockchain. Here is what we know about PayPal USD's (PYUSD) design and the opportunities it unlocks for digital money users.
Baca lebih lajut »
PayPal’s PYUSD Launch Sparks Flood of Fake Tokens on UniswapFollowing the launch of PayPal's recently announced ERC-20 stablecoin, PayPal USD, a number of fake tokens with the PYUSD ticker have appeared on the decentralized exchange (DEX) Uniswap. These tokens were created on Nov. 8, 2022. Currently, PYUSD/WETH and PYUSD/WBNB are trading pairs on Uniswap that use the PYUSD ticker. PYUSD will only be accessible through PayPal, according to PayPal, which did not say whether it intended to list on other exchanges like Coinbase or Binance.
Baca lebih lajut »
PayPal will launch its own stablecoinPayPal Holdings Inc. is launching a U.S. dollar-denominated stablecoin, the company announced Monday. The PayPal USD stablecoin (PYUSD) will be redeemable...
Baca lebih lajut »
PayPal to Issue Dollar-Pegged Crypto Stablecoin Based on EthereumJUST IN: Global payments giant PayPal is launching its own dollar-pegged stablecoin. By shauryamalwa
Baca lebih lajut »
Breaking: PayPal Launches Its Own StablecoinPayPal, the renowned global payments leader, has launched its own digital stablecoin, PayPal USD (PYUSD), stepping up its involvement in the cryptocurrency market
Baca lebih lajut »
PayPal launches stablecoin on Ethereum, citing 'shift toward digital currencies'Silicon Valley-based payments firm PayPal announced it is launching a U.S. dollar stablecoin in conjunction with Paxos.
Baca lebih lajut »