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Paypal Reveals Their MAJOR Crypto PlayPayPal is launching its own stablecoin: PayPalUSD (PYUSD). The company says the cryptocurrency token is �fully backed by U.S. dollar. PayPal has introduced a cryptocurrency linked to the value of the U.S. Dollar, known as a stablecoin, called PayPal USD (PYUSD). The cryptocurrency, dubbed PayPal USD, will be redeemable for $1. The company said it will be fully backed by U.S. dollars, short-term.
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