PayPal is Introducing a new crypto currency and you’ll be able to buy, sell, hold, and transfer it in the app. 1 USD : 1 PYUSD on PayPal
PayPal is Introducing a new crypto currency and you’ll be able to buy, sell, hold, and transfer it in the app. 1 USD : 1 PYUSD on PayPal
But isn’t the point of cryptocurrencies to not be bound to a central authority?
The stable coins are basically tokens in blockchains, for example in Ethereum there’s USDT as a token and now this one from PayPal. They work in a decentralized way but there’s a centralized entity guaranteeing that its value is pegged to the dollar.