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Paypal Just Jumped Into the Deep End of Stablecoin Madness With a Transaction That Will Probably Lose You 90% of Your Money in Under a Week

A  illustration depicting a diver jumping into deep water with a parachute attached to their back, labeled 'PYUSD' in bold letters on the canopy. The background is a swirling mix of dollar signs and waves, symbolizing financial turbulence.

Just when you thought it was safe to go back in the water… or rather, transfer some cash around without getting fleeced by crypto bros.

Source: bitcoin.com

Paypal has made a significant step in corporate payments by completing its first transaction using its stablecoin Paypal USD (PYUSD). This milestone highlights the role digital currencies can play in streamlining cross-border transactions, with Paypal partnering with Ernst & Young LLP. Paypal Holdings Inc. has completed its first business transaction using its stablecoin, Paypal USD (PYUSD), as part of a move to showcase how digital currencies can streamline corporate payments. […]

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