PayPal Expands Digital Dollar Globally To Speed Up International Payments

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PayPal has expanded its digital dollar (PYUSD) to 70 markets, aiming to accelerate international payments and reduce costs for businesses. PYUSD is backed by U.S. dollar deposits and Treasuries, and while PayPal’s stock (PYPL) shows some bullish momentum, its overall trend remains down with a “Hold” rating from analysts.

PYUSD0.05%
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