-
BVNK integrates PayPal’s stablecoin PYUSD
BVNK has integrated US dollar-pegged stablecoin PYUSD into its payments platform and has the ability to create (mint) and remove (burn) tokens directly for its customers, through its partnership with PYUSD issuer Paxos. Stablecoins account for 70% of blockchain transactions and there is $300m of PayPal USD in circulation out of a total market cap of stablecoins around $160bn. PYUSD has automatically become a valuable payment option for global businesses because of its direct ties with PayPal and its global network. With monthly active stablecoin users on the rise, reaching 27.5 million unique users and 47 million ... (full story)