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Bittime - PayPal, the global payments giant, entered the cryptocurrency market by launching its US dollar-pegged stablecoin, PayPal USD (PYUSD) in 2023. This is a significant move indicating the increasingly widespread adoption of cryptocurrencies by top financial institutions.

This article will review PayPal USD in more detail, let's look further!

What Is PayPal USD (PYUSD)?

PayPal USD (PYUSD) is a stablecoin issued by PayPal and pegged 1:1 to the US dollar. PYUSD is an ERC-20 token that operates on the Ethereum network.

PayPal USDPYUSD Key Products & Features

• Payment: PYUSD can be used to make payments online and in stores that accept PayPal.
• Transfer: PYUSD can be transferred between PayPal users easily and quickly.
• Conversion: PayPal users can convert their cryptocurrency to PYUSD and vice versa.

What Is PayPal USD (PYUSD) Token?

PYUSD token is an ERC-20 token used for:

• Making transactions: PYUSD is used for payments and transfers on the PayPal network.
• Storing value: PYUSD offers a way to store value in US dollars on the blockchain.
• Developing applications: Developers can use PYUSD to build decentralized financial applications (dApps).

Tokenomic Token PayPal USD (PYUSD)

• Maximum Supply: Unlimited
• Circulating Supply: 100 million PYUSD
• Inflation: Controlled by PayPal

PayPal USD (PYUSD) Fundamental Analysis

• Technology: PYUSD is built on the proven and secure Ethereum network.
• Team: PayPal has an experienced team with a successful track record in online payments.
• Community: PayPal has a large and active global user base.
• Use Cases: PYUSD has a variety of potential use cases, including payments, transfers, and dApps.

Comparison of PayPal USDPYUSD & Competitors

Founder of PayPal USDPYUSD

• Peter Thiel: Co-founder of PayPal and famous investor in Silicon Valley.
• Max Levchin: Co-founder of PayPal and CEO of Affirm.

Expert Opinion About PayPal USDPYUSD

• Changpeng Zhao: "The launch of PYUSD is a positive step for cryptocurrency adoption."
• Michael Saylor: "PYUSD can help increase the use of cryptocurrencies in global trade."

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Conclusion

PayPal USD (PYUSD) is a stablecoin launched by payments giant PayPal. PYUSD offers an easy and safe way to transact with cryptocurrencies on the PayPal platform. With PayPal's global user base, PYUSD has the potential to become one of the most widely used stablecoins in the world.

How To Buy Crypto With Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn How to Buy Crypto on Bittime.

Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.