PayPal Taps Native Stablecoin PYUSD for Business Payment to Accounting Giant Ernst & Young: Report

Payments giant PayPal has reportedly completed its first business transaction using the dollar-pegged stablecoin it launched last year. Bloomberg reports that on September 23rd, the San Francisco-based company used PayPalUSD (PYUSD) to pay an invoice to the Big Four accounting firm Ernst & Young. Paypal settled the undisclosed amount using SAP digital currency hub, a The post PayPal Taps Native Stablecoin PYUSD for Business Payment to Accounting Giant Ernst & Young: Report appeared first on The Daily Hodl .

Source: The Daily Hodl