{"id":20809,"date":"2023-08-07T18:03:12","date_gmt":"2023-08-07T18:03:12","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/nft\/paypal-debuts-erc-20-stablecoin-linked-to-us-dollar\/"},"modified":"2023-08-07T18:03:19","modified_gmt":"2023-08-07T18:03:19","slug":"paypal-debuts-erc-20-stablecoin-linked-to-us-dollar","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/nft\/paypal-debuts-erc-20-stablecoin-linked-to-us-dollar\/","title":{"rendered":"PayPal Debuts ERC-20 Stablecoin, Linked to US Dollar"},"content":{"rendered":"
PayPal has announced the launch of a new dollar-backed stablecoin, marking the first time a major U.S. financial company has created a stablecoin, according to an official statement. This solidifies the American payments giant\u2019s teaser in early 2022.\u00a0<\/p>\n
The stablecoin, named PayPal USD ($PYUSD) is an ERC-20 token issued on the Ethereum blockchain by Paxos Trust Co. and will be available starting August 7.\u00a0<\/p>\n