PayPal stablecoin PYUSD, is set to become available on decentralized finance (DeFi) platforms at a later date, according to one of the company's insiders. In an interview on the Unchained Podcast, Jose Fernandez da Ponte, PayPal's senior VP of blockchain, crypto, and digital currencies,...
JPMorgan analysts have shed light on how the recent launch of PayPal’s stablecoin could potentially benefit Ethereum and other decentralized finance (DeFi) platforms.
1. Increased Total Value Locked
According to JPMorgan analyst Nikolaos Panigirtzoglou, the launch of PayPal’s stablecoin could boost Ethereum's network utility and overall...
On August 7, 2023, Paypal made headlines by unveiling a new stablecoin, pegged to the value of the U.S. dollar. However, the lack of specific information regarding the token contract has given rise to confusion and speculation in the crypto community. Both Paypal and...
