Enter PayPal’s recent innovation: the PayPal USD (PYUSD). Launched in August 2023, PYUSD stands out as a U.S. dollar-denominated stablecoin designed to provide a stable digital counterpart to the U.S. dollar. Each PYUSD is fully backed by tangible financial assets such as U.S. dollar deposits, short-term U.S Treasuries, and similar cash equivalents, ensuring its redeemability on a 1:1 basis for U.S. dollars.
Decentralized Autonomous Organizations (DAO) are all the rave in blockchain technology. Read our article and learn what is a DAO and other DAO essentials.