John Liu Says PYUSD Is A Regulated Stable Coin And Its Fully Backed By Cash And Cash Equivalent; PayPal Bringing Web3 To Innovation Into Its Network; You Can Use It In The Web4 Native Applications
Portfolio Pulse from Benzinga Newsdesk
John Liu announced that PYUSD is a regulated stablecoin fully backed by cash and cash equivalents. PayPal is integrating Web3 technology into its network, allowing PYUSD to be used in Web4 native applications.
November 14, 2023 | 4:42 pm
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PayPal is incorporating Web3 technology into its services, which includes the use of PYUSD, a regulated stablecoin, in Web4 native applications.
The integration of Web3 technology and the use of a regulated stablecoin like PYUSD within PayPal's network is a significant step towards innovation in digital payments. This move is likely to be viewed positively by investors as it positions PayPal at the forefront of financial technology, potentially increasing user engagement and transaction volume.
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