The introduction of stablecoins has been hyped as the new type of cryptocurrency to resolve instability in the volatile cryptocurrency industry. Where cryptocurrencies such as BTC, ETH and other alts fail to deliver stability, stablecoins have largely maintained a stable value fixed to a traditional currency or asset.
This stability has predictably become an attraction for people looking to explore financial services and be fully involved in global economy. It is important however to consider factors like stability, auditing and transparency, liquidity and adoption, regulatory compliance etc when choosing stablecoins
Some of the most used stablecoins proffer solutions, but Tether one of the widely used stablecoin is faced with controversy over its reserve and issuance system. This has made it pertinent for new innovations to be introduced to resolve the limitations of stablecoins.
The introduction of PayPalUsD (PYUSD) couldn’t have come at a better time then, since it promises to adhere to the highest standards of compliance, automatically resolving one of Tether’s biggest issues.
Liquidity and adoption doesn’t seem to be a problem either, as at the time of writing this post, PYUSD has a Market Cap of $44m+ and a daily trading volume of $1m+ across various exchanges globally. Regarding stability, PYUSD is backed by reserves and is designed to maintain $1 stable value.
For crypto exchanges where PYUSD is listed such as Bitget, holders enjoy a world of compliance-driven possibilities thanks to its regulatory standpoint. Holders in such exchanges also execute smooth compliant withdrawals of PYUSD via PayPal usually in a cost-effective way.
Looking at what PYUSD stablecoin offers and its fast adoption, would you happily ditch your favoured stablecoin and join the new trend?
This stability has predictably become an attraction for people looking to explore financial services and be fully involved in global economy. It is important however to consider factors like stability, auditing and transparency, liquidity and adoption, regulatory compliance etc when choosing stablecoins
Some of the most used stablecoins proffer solutions, but Tether one of the widely used stablecoin is faced with controversy over its reserve and issuance system. This has made it pertinent for new innovations to be introduced to resolve the limitations of stablecoins.
The introduction of PayPalUsD (PYUSD) couldn’t have come at a better time then, since it promises to adhere to the highest standards of compliance, automatically resolving one of Tether’s biggest issues.
Liquidity and adoption doesn’t seem to be a problem either, as at the time of writing this post, PYUSD has a Market Cap of $44m+ and a daily trading volume of $1m+ across various exchanges globally. Regarding stability, PYUSD is backed by reserves and is designed to maintain $1 stable value.
For crypto exchanges where PYUSD is listed such as Bitget, holders enjoy a world of compliance-driven possibilities thanks to its regulatory standpoint. Holders in such exchanges also execute smooth compliant withdrawals of PYUSD via PayPal usually in a cost-effective way.
Looking at what PYUSD stablecoin offers and its fast adoption, would you happily ditch your favoured stablecoin and join the new trend?
