PayPal executes first business transaction with its stablecoin

Payments giant PayPal completed its first business payment using its stablecoin, PYUSD, on September 23. The company paid an invoice to Ernst & Young LLP, using SAP SE’s digital currency hub, which allows for instant payments 24/7. The invoice amount was not revealed by the company. PYUSD, which was launched last year, is pegged to

Source: Cryptopolitan