PYUSD is developed on the Ethereum blockchain.
In terms of market cap, Tether (USDT) is the biggest stablecoin.
Paolo Ardoino, CTO of Tether, gave his thoughts on PayPal’s stablecoin launch. In terms of market cap, Tether (USDT) is the biggest stablecoin. Ardoino maintained that the most recent PYUSD maneuver would not threaten their preeminence.
According to Ardoino, this is because PayPal’s stablecoin (PYUSD) was introduced in the United States, a market in which Tether does not participate. When asked if PYUSD will be introduced to foreign markets, however, Ardoino was optimistic about the sector as a whole.
Based on information provided by accounting firm BDO, Tether Holdings said in its Q2 attestation report that its excess reserves had increased by $850 million, bringing the total to $3.3 billion.
Boost for Crypto Adoption
PayPal, a behemoth in online payments, has entered the cryptocurrency market with the introduction of PayPal USD (PYUSD), a stablecoin tied to the U.S. dol
We współpracy z: https://thenewscrypto.com/tethers-cto-discusses-impact-post-paypals-stablecoin-launch/
