More than half of August has passed, but the crypto market is still stuck in neutral sentiments with minor recoveries here and there. Bitcoin, the biggest cryptocurrency in the market, has surged almost 2% since yesterday, aiming for the $60K mark. However, the star of the day is Paypal USD (PYUSD), a dollar-pegged token that has grown heavily over the last few days, taking the spot of the sixth largest stablecoin.
Paypal is a digital payment service provider that is widely popular for its cross-country transactions and multiple payment options. Moreover, its crypto-friendliness has made crypto investors favor this brand. Especially after the company launched PYUSD, a popular stablecoin whose value is pegged to the dollar.
Paypal Stabelcoin Grew 97% In A Month
PYUSD entered the market in August 2023 and almost immediately bagged everyone’s attention. It has been part of the top 10 stablecoin category, bringing 500,000 transactions to the network, but there is more. Just now, it has c
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