New Dollar Based Stable Coin By Paypal
Paypal USD is issued by Paxos Trust Co. and it is backed by the US dollar. It is called PYUSD and Paxos Trust Co. already has PAX stablecoin in the crypto space. A stablecoin is not volatile like other cryptocurrencies and that is why it has a separate place in the cryptocurrency space. We can see many stablecoins in the crypto space such as BUSD, USDT, USDC, TUSD, and now this PYUSD. PYUSD definitely gets popularity because PayPal is the most popular company in the payment world. If you want to get out from the fluctuation, or else, If you want to book profit then stablecoin is the option for you. Stablecoin is very useful, especially for traders who trade daily.
I have used PayPal to take withdraw from many earning platforms and almost all platforms allow PayPal payment method. There is a popular paid-to-click company that is still running and its name is neobux. Similarly, there is clixsense. These platforms were very popular before the bitcoin launch but after the bitcoin launch, these platforms were affected badly. However, they are still paying their old users. There was a time when lots of paid-to-click companies were launched and all companies used PayPal.
Almost every paid-to-click company supported the PayPal payment method. Even the captcha platform owner supports this payment method. So this shows the popularity of PayPal and PayPal was positive for cryptocurrency since the beginning. I also have a PayPal account that is 12 years old and I have taken lots of payments in that PayPal account. Overall I have the best experience with the PayPal platform.
Currently, I am not using PayPal it's a stablecoin definitely going to get a positive direction in the crypto
field and it can bring new money into the crypto space. As a crypto user, I am happy to see this announcement because now we have one more option as a stable coin and this type of healthy competition is very important for diversification.
Not gonna lie but HBD is also a good option for the stablecoin. of course, there is little fluctuation but it is okay and we can see little fluctuation in tether as well so think this is normal. Don't forget that HBD is the only stablecoin that pays 20% APR so it is definitely different than other stablecoins and we can say HBD is underrated. Sooner or later HBD gets the good adoption for sure.
I wanna know your thoughts on this particular news so do a comment below. Do not forget to share this post on the social media platform and also reblog it. Have a good day ahead.
Thank you, everyone.
Lucky Ali
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 | Hi I am lucky ali from gujarat, india. I am a crypto enthusiast, blogger, and SEO developer. I am always interested to learn new things and getting new experiences. You can find me on hive, twitter and discord (Lucky Ali#6343). Sharing is caring, Thank you hive family ♥ |
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It will be great one day to see paypal adding HBD to their mode of payment one day
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This is a nice update , but Paypal has so many restrictions. It's not acceptable in many part of the world. But let's see how their stable coin will looks like.
As u said HBD it's still the best stablecoin for me, thank you for this update man
I always preffer the HBD as choice for stable coin but may be PayPal will be having his own advantage like getting converted to fait currency.
Thanks for sharing.