PayPal Stablecoin; Designed for Payments

[I am Praise]

PayPal USD is a stablecoin backed by secure and highly liquid assets. It is designed to maintain a stable $1 USD value and is backed by dollar deposits, US treasuries, and cash equivalents.
In just few steps, users can buy, sell & hold the the PYUSD token or even send it to friends in the US without paying fees on Paypal.
The stablecoin can be sent to Ethereum wallet addresses that accept PYUSD, used to checkout and pay for items too, though fees may apply here.
Need I mention that it can also be used to buy other cryptos as well.
Interestingly, developers are not left out, they can use PayPal USD as the payments layer to build new services and products on public blockchains.
It seems Paypal has made it pretty easy for users to manage their finances.
PYSUD has a market cap of $44.3 million and is listed on tier 1 exchanges like Bitget, Bybit, Kraken, Kucoin and Coinbase. Do you guys think that PYUSD has what it takes to rival USDT?

 

[ImamShaheb]

PayPal USD is a stablecoin backed by secure and highly liquid assets. It is designed to maintain a stable $1 USD value and is backed by dollar deposits, US treasuries, and cash equivalents.
In just few steps, users can buy, sell & hold the the PYUSD token or even send it to friends in the US without paying fees on Paypal.
The stablecoin can be sent to Ethereum wallet addresses that accept PYUSD, used to checkout and pay for items too, though fees may apply here.
Need I mention that it can also be used to buy other cryptos as well.
Interestingly, developers are not left out, they can use PayPal USD as the payments layer to build new services and products on public blockchains.
It seems Paypal has made it pretty easy for users to manage their finances.
PYSUD has a market cap of $44.3 million and is listed on tier 1 exchanges like Bitget, Bybit, Kraken, Kucoin and Coinbase. Do you guys think that PYUSD has what it takes to rival USDT?

PayPal is indeed a giant but PYUSD😩.
We shouldn't compare it with USDT, these two are on different levels! $83B Vs $44M, it's not a fair fight as well.

Even tho it's listed on major exchanges, top players like Bitget/Coinbase treat everyone equally!

 

[BashirJasper]

PayPal is indeed a giant but PYUSD😩.
We shouldn't compare it with USDT, these two are on different levels! $83B Vs $44M, it's not a fair fight as well.

Even tho it's listed on major exchanges, top players like Bitget/Coinbase treat everyone equally!

That's indeed correct atm but could change in the future with increased use of PYUSD for purchase of goods and other utilities increasing among their 435 million users and merchants controlling over $1.36 trillion in transaction volume. Just imagine it if all transactions are made with PYUSD as payment currency!