“The Partnership is Another Sign of Stablecoin Issuers Jockeying for Market Share As Regulation in the US Is Advanceing.”, – WRITE: www.coindesk.com
The Move, Open to Both Retail and Institutional Customers, Is Part of A Partnership Aimed at Promoting Pyusd as a Payment Currency. Coinbase Also Plans to Use ITS PLATFORM TO OFFER PYUSD to Paypal’s Extensive Network of Merchant Partners, WHICH COURCKO
Stablecoin Rivalry Heats UpStablecoins-Digital Tokens Pegged to Traditional Currencies, Predominantly The Dollar-Are One of the Fastest-Growing Sectors in Crypto. They Marketed As A Faster and Cheaper Alternative to Legacy Payment Systems, and are IncreASINGly Popular for Payments Across Borders. Standard Charted Projected the Sector to Grow to $ 2 Trillion by 2028 from The Current $ 220 Billion.
With Regulation for Stablecoins Advance in the Us, The Competition Is Heating Up Among Issuers While Banks and Traditional Payment Firms ALSO EYEING The MARKET. Binance, The Largest Crypto Exchange, and Circle, Issuer of the Second Largest Dollar-Backed Stablecoin, Have Already Linked Use Circle’s USDC as A Trading Pair and Payment. Circle introduced a remittans Network this Week.
Market Leader Tether, Issuer of the $ 140 Billion USDT, Is Mulling Issuing A Stablecoin Designed for USers.
Meanwhile, Paypal, Whose Stablecoin Debrated in 2023 and Has Grown to $ 860 Million, Recently Introduced A 3.7% Annual Yield on Pyusd for US tone Holders to Attractor More.
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