News Explorer — PayPal Brings PYUSD Stablecoin to Venmo

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Sep 20, 7:49 pm

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PayPal Brings PYUSD Stablecoin to Venmo

PayPal has announced that Venmo users will soon be able to purchase the platform's stablecoin, PYUSD. Currently available to select users, the option will be rolled out to all users in the coming weeks. PYUSD is an Ethereum-based stablecoin backed by cash equivalents and short-term treasuries. Venmo users will be able to buy and send the stablecoin to other Venmo users, as well as PayPal wallets.

PayPal has announced that Venmo users will soon be able to purchase the platform's stablecoin, PYUSD. Currently available to select users, the option will be rolled out to all users in the coming weeks. PYUSD is an Ethereum-based stablecoin backed by cash equivalents and short-term treasuries. Venmo users will be able to buy and send the stablecoin to other Venmo users, as well as PayPal wallets.

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