Bitcoin, Ethereum Technical Analysis: BTC Nears 1-Week High, as Paypal Launches USD Stablecoin – Market Updates Bitcoin News

BTC rebounds towards 1-week high, as PayPal launches USD stablecoin.

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BTCTN /  🏆 531. in US

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PayPal USD: Boon for Ethereum but not decentralization, says communityIndustry pundits see the launch of PayPal's new USD-pegged stablecoin, PYUSD, as a positive development for Ethereum. However, concerns are raised about centralization due to engineering choices made by PayPal, such as using an outdated version of Solidity and making the contract upgradeable and not gas efficient. Despite being centralized, Ethereum users have the freedom to decide whether to use PayPal's stablecoin or not.
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Bitcoin and Ether Remain Flat as PayPal USD Report Fails to Spark MarketBitcoin and Ether show little change in response to the PayPal USD report, while SHIB finds support. Other major tokens like DOGE and AVAX experience losses. SHIB stabilizes after a 25% rise last week, as developers plan to connect ecosystem projects to real-world digital identities.
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PayPal Launches PYUSD Stablecoin: Guide to What We Know So FarU.S.-based fintech heavyweight PayPal becomes first Web2 major to launch its own native USD-pegged stablecoin. On Aug. 7, 2023, American multinational heavyweight PayPal announced the launch of native stablecoin PayPal USD (PYUSD). This is the first time a Web2 major issues digital assets on a public blockchain. Here is what we know about PayPal USD's (PYUSD) design and the opportunities it unlocks for digital money users.
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PayPal to Issue Dollar-Pegged Crypto Stablecoin Based on EthereumJUST IN: Global payments giant PayPal is launching its own dollar-pegged stablecoin. By shauryamalwa
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PayPal launches stablecoin on Ethereum, citing 'shift toward digital currencies'Silicon Valley-based payments firm PayPal announced it is launching a U.S. dollar stablecoin in conjunction with Paxos.
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PayPal Enters the Stablecoin Market With PYUSD | CoinMarketCapCryptoNews: PayPal has launched its stablecoin, called PayPal USD (PYUSD), an ERC-20 token backed by the US dollar. This makes PayPal the first major financial company to launch a stablecoin. 🔥
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