Wu said that, according to Artemis data, the PayPal-supported stablecoin PYUSD saw a year-on-year increase of 183% in peer-to-peer transaction volume in July, exceeding $300 million, which may benefit from PayPal's collaboration and promotion with Venmo. Earlier, PayPal launched the global payment platform PayPal World, achieving interoperability between PayPal and Venmo.
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