Major crypto exchange announces game-changing plans for PayPal stablecoin PYUSD
At its core, PYUSD derives its value from a bedrock of deposits nestled within the U.S. financial ecosystem. These deposits predominantly comprise short-term treasury bills and cash equivalents, with the aim of ensuring stability and trust.have been minted, an astonishing 120,000 of which were brought into existence in the past four days alone.
It is important to note that Paxos and Paxos Treasury addresses continue to wield dominance, overseeing a remarkable 91.4% of the total stablecoin supply. However, this percentage is gradually decreasing due to the rapid growth of the holder base.Coinbase's endorsement of PYUSD's listing ushers in a new era of possibilities, effectively uniting traditional financial systems with the dynamic realm of the new digital economy.
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