Cryptocurrency Q&A
What's the point of PayPal USD?
What's the point of PayPal USD?
Skywalker
Tue Oct 29 2024
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5 answers
921
I'm wondering about the purpose or advantage of using PayPal specifically with USD. Is there a benefit to using PayPal for USD transactions compared to other currencies or payment methods?
5 answers
Emanuele
Thu Oct 31 2024
Users can buy and sell PYUSD on PayPal at a 1:1 ratio with the US dollar.
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TaegeukChampionCourageousHeart
Thu Oct 31 2024
PayPal USD is a digital asset that maintains a stable value.
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Chiara
Thu Oct 31 2024
It is fully collateralized by US dollar deposits, US treasuries, and other cash equivalents.
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SumoPower
Thu Oct 31 2024
This ensures that each PYUSD is equivalent to 1 USD in value.
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MysticMoon
Wed Oct 30 2024
Stablecoins are a subset of cryptocurrencies designed to maintain a stable price over time.
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