Stablecoins are making waves again, payment giant Paypal’s new member PYUSD is coming soon

As the largest payment platform in the United States, PayPal's listing of PYUSD means that hundreds of millions of users may enter the crypto market through PayPal in the future. The huge number of users may bring risks of money laundering and capital escape. In this case, governments and regulatory agencies will have to pay more attention to the stablecoin industry and introduce corresponding regulatory policies as soon as possible to balance innovation and risks.

In the wave of digitalization, traditional finance and cryptocurrency have become the focus of attention. However, there seems to be an invisible gap between these two fields, making the connection between them appear vague and distant. Now, an emerging stablecoin called PYUSD is quickly bridging this gap and becoming a solid bridge between traditional finance and cryptocurrency.