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News by FinTech Collective Archive

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

Parker Jay-Pachirat

September 27, 2023

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Parker Jay-Pachirat

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.

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

https://newsroom.paypal-corp.com/2023-09-20-PayPal-USD-is-now-available-on-Venmo?mkt_tok=NTAzLUZBUC0wNzQAAAGOd4c3sEGYbdUEkPCYIoLacSoFtJA5DTSbg8w5U2M--YGqupOa4_uSnzxaLoQUAwXdrTptSBtKoXLBqp2HycB3FuzwF-_g6d7OWvuPLwVPrDNr

Money transfer. Send and receive money wireless via the phone. Hands holding smartphones with online banking payment apps. Vector flat cartoon illustration for web banners, sites, infographics design.

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