PayPal Completes Its First Business Payment Using Stablecoin PYUSD

PayPal recently completed its first business payment using its proprietary stablecoin, PYUSD, marking a significant step in demonstrating how digital currencies can streamline commercial transactions, according to a report by Paige Smith for Bloomberg News. The payment, made on 23 September 2024, was for an invoice sent to Ernst & Young LLP and was facilitated

Source: CryptoGlobe