Less than a day after PayPal’s huge announcement, Ethereum became flooded by imposter tokens trying to ride the hype.
The digital payments and fintech giant announced the official launch of its very own Ethereum-based stablecoin PayPal USD (PYUSD) yesterday August 7. PYUSD is an ERC-20 token which will be pegged to the US dollar at a fixed rate of $1. It will be primarily used as a bridge between fiat currencies and web3, enabling conversion of any of the platform’s listed digital assets to and from PYUSD.
The launch has been the result of PayPal’s own exploration into stablecoins at least as far back as January 2022 but which was temporarily halted due to regulatory scrutiny in the U.S. The launch might mean that an agreement has been made between regulators and PayPal’s stablecoin issuer Paxos. Now, the launch has been received with much fanfare, with the stablecoin finally rolling out to customers “in the coming weeks.”
However, this has not stopped scammers from ridin
We współpracy z: https://cryptodaily.co.uk/2023/08/decentralized-exchanges-flooded-by-fake-paypal-tokens
