PayPal makes first business transaction using PYUSD stablecoin
PayPal has completed its first-ever business payment using its proprietary stablecoin, PayPal USD (PYUSD).
The transaction marks another move for mainstream big business toward cryptocurrency, as initially reported by Bloomberg.
PayPal made the undisclosed payment on September 23, settling an invoice from Ernst & Young LLP via SAP’s digital currency hub which provides the platform for instant transfers.
PYUSD is a crypto token pegged to the US dollar, also known as...
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