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PayPal's stablecoin, PYUSD, is now available on Venmo

PayPal USD (PYUSD), PayPal’s on-chain, regulated, dollar-denominated stablecoin 100% backed by U.S. dollar deposits, short-term U.S Treasuries, and similar cash equivalents, is available on Venmo starting today.

"PayPal USD is now available on Venmo to select users and will be rolling out fully in the coming weeks."

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paypal, venmo, stablecoins, stablecoin, crypto, web3, pyusd