PayPal makes a bold move, PYUSD aims to challenge the dominance of USDT!
PayPal is ambitious and plans to make PYUSD stablecoin shine by 2025, directly competing with the market leader Tether (USDT)! With over 20 million global merchant resources, PayPal seeks to rapidly expand the PYUSD footprint.
PayPal is targeting merchant payments, strongly promoting PYUSD for bill settlement, facilitating convenient payments for small and medium-sized businesses, and building a payment ecosystem. After a successful debut last year, they are now leveraging Hyperwallet to enable freelancers and contractors around the world to enjoy the convenience of receiving PYUSD payments.
Competition in the stablecoin market is heating up, as Tether faces compliance issues and exits Europe but expands in El Salvador; Circle's USDC is gaining momentum with skyrocketing market share, and Dubai's approval adds to the boost. Ripple's RLUSD is also surging, battling on both Ethereum and XRP ledgers, with a supply of up to 120 million.
Experts interpret the stablecoin supply ratio oscillation indicator, with a drop below 0 possibly indicating a good time for Bitcoin to rally. Can PayPal help PYUSD reach the top of the stablecoin market? The suspense builds, let's wait and see!
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