{"id":1168902,"date":"2023-08-07T10:01:00","date_gmt":"2023-08-07T14:01:00","guid":{"rendered":"https:\/\/www.prime-wow.com\/?p=1168902"},"modified":"2023-08-07T10:01:00","modified_gmt":"2023-08-07T14:01:00","slug":"paypal-launches-stablecoin-on-ethereum-citing-shift-toward-digital-currencies","status":"publish","type":"post","link":"https:\/\/www.prime-wow.com\/?p=1168902","title":{"rendered":"PayPal Launches Stablecoin on Ethereum, Citing 'Shift Toward Digital Currencies'"},"content":{"rendered":"

Silicon Valley-based payments firm PayPal announced it is launching a U.S. dollar stablecoin in conjunction with Paxos. From a report: The new digital token will be pegged to the dollar and “gradually” made available to PayPal’s customers in the U.S., PayPal said in a press release. Paxos will issue the coin labeled PayPal USD, or PYUSD. Issued on the Ethereum blockchain, PYUSD will be “fully backed by U.S. dollar deposits, short-term Treasuries and similar cash equivalents,” the company also said in its statement. “As an ERC-20 token issued on the Ethereum blockchain, PayPal USD will be available to an already large and growing community of external developers, wallets and web3 applications,” it added.<\/p>\n

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Read more of this story<\/a> at Slashdot.<\/p>\n


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\nSource: Slashdot – PayPal Launches Stablecoin on Ethereum, Citing ‘Shift Toward Digital Currencies’<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Silicon Valley-based payments firm PayPal announced it is launching a U.S. dollar stablecoin in conjunction with Paxos. From a report: The new digital token will be pegged to the dollar and “gradually” made available to PayPal’s customers in the U.S., … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":1168903,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[101,110],"tags":[100],"class_list":["post-1168902","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-slashdot","category-unfiltered-rss","tag-slashdot"],"_links":{"self":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/1168902","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1168902"}],"version-history":[{"count":0,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/1168902\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/media\/1168903"}],"wp:attachment":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1168902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1168902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1168902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}