PayPal completes first business payment using PYUSD stablecoin

In a significant milestone for digital currencies, PayPal Holdings Inc. (NASDAQ: PYPL) has successfully executed its first business payment using its proprietary stablecoin, PYUSD, launched in August 2023. The transaction, which took place on September 23, 2024, involved the payment of an invoice to multinational accounting firm Ernst & Young LLP. This move aims to

Source: Invezz