PayPal plans to introduce his PyusD stable coin in the Stellar network-approval from New York is still pending

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PayPal bringt Stablecoin PayPal USD (PYUSD) ins Stellar-Netzwerk PayPal hat bekannt gegeben, dass es plant, seinen Stablecoin PayPal USD (PYUSD) im Stellar-Blockchain-Netzwerk verfügbar zu machen. Diese Entwicklung könnte signifikante Auswirkungen auf die Nutzung von Stablecoins im digitalen Zahlungsverkehr haben. Bevor die Implementierung jedoch erfolgen kann, ist die behördliche Genehmigung des New York State erforderlich. Diese …
PayPal brings StableCoin PayPal USD (PYUSD) to the Stellar network PayPal has announced that it is planning to make its StableCoin PayPal USD (PYUSD) available in the Stellar blockchain network. This development could have significant effects on the use of stable coins in digital payment transactions. Before the implementation can be carried out, however, the official approval of the New York State is required. This … (Symbolbild/KNAT)

PayPal brings StableCoin PayPal USD (PYUSD) to the Stellar network

PayPal has announced that it is planning to make its StableCoin PayPal USD (PYUSD) available in the Stellar-Blockchain network. This development could have significant effects on the use of stable coins in digital payment transactions.

Before the implementation can be carried out, the official approval of the New York State is required. This approval is a crucial step to ensure that all regulatory requirements are met and the stable coin can be operated in a legally secure environment.

The introduction of Pyusd in the Stellar network testifies to PayPal's commitment to advance the use of blockchain technology in payment transactions. Stable coins, such as the PyusD, are bound to the value of a Fiat currency, which makes it a stable alternative to traditional cryptocurrencies that are often subject to strong price fluctuations.

The Stellar network is known for its quick and inexpensive handling of transactions, which makes the integration of PYUSD particularly promising in this network. Entrepreneurs and users could benefit from this initiative by processing transactions more efficiently and opening up new possibilities in the digital financial sector.

The further developments in relation to the official approval and the integration of PayPal USD in the Stellar network are watched by many experts and users.