BitPay adds Support for PayPal USD (PYUSD) Stablecoin
BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services, today announced it has rolled out PayPal USD (PYUSD) payments for merchants and consumers. Xsolla will be one of the first merchants to accept PYUSD, enabling their customers to buy any merchandise online using the PayPal stablecoin. PYUSD is designed to be a cryptocurrency for payments and is issued by Paxos Trust Company. The stablecoin is fully backed by U.S. dollar deposits, short-term U.S. treasuries and similar cash equivalents, and can be redeemed...