Ecosystems

Top Ecosystem token by Market Cap

What is a stablecoin? Stablecoin is a cryptocurrency that is designed to minimize volatility by pegging to a more stable asset. Fiat currency digital asset is the most popular use case for stablecoins. It typically tracks popular national currencies such as the US Dollar, Euro, and the British Pound. Benefit of this includes being able to take advantage of blockchain technology and peer-to-peer value transfer while not being exposed to high volatility such as bitcoin, ethereum, or other cryptocurrencies. Stablecoins are relatively new kind of technology and each of them comes with different implementations, liquidity, risks, and acceptance.

Stablecoins

Stablecoins by Market Capitalization


PayPal USD is designed to contribute to the opportunity stablecoins offer for payments and is 100% backed by U.S. dollar deposits, short-term U.S Treasuries and similar cash equivalents. PayPal USD is redeemable 1:1 for U.S. dollars and is issued by Paxos Trust Company.  

Starting August 7, 2023 and rolling out in the coming weeks, eligible U.S. PayPal customers who purchase PayPal USD will be able to: 

-Transfer PayPal USD between PayPal and compatible external wallets  
-Send person-to-person payments using PYUSD 
-Fund purchases with PayPal USD by selecting it at checkout2 
-Convert any of PayPal's supported cryptocurrencies to and from PayPal USD  

For more information, go to https://www.paypal.com/pyusd