Future DeFi Integration: PayPal Executive Announces PYUSD Availability

During a recent episode of the Unchained Podcast, PayPal's Senior VP of Blockchain, Crypto, and Digital Currencies, Jose Fernandez da Ponte, shared significant insights about the company's new stablecoin, PYUSD. Introduced earlier this month, the coin aims to integrate with crypto exchanges and be DeFi-ready.

Da Ponte emphasized: "DeFi is pivotal as we target current stablecoin users. While PYUSD is exclusive to the PayPal wallet now, our roadmap includes its availability on major exchanges."

He further clarified PYUSD's compatibility, revealing it's an ERC-20 token, usable with Ethereum wallets. Backing the coin's credibility, da Ponte said, "PYUSD follows New York's strict KYC and anti-money laundering guidelines, ensuring robust controls."

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