Venmo users gained access to payments in the PayPal USD stabelcoin – Bits Media

The large American payment company PayPal continues to expand the user database of its new PyUSD stabelcoin. Users of the popular Venm application began to receive access to it.

In their statement, company representatives write, that "full -fledged Launch PayPal USD ”will take place in the Venmo appendix in the coming weeks, but, Some users can already use token for payments and investments.

“PyUSD is already used in the native cryptocurrency sphere and will become increasingly accessible as the ecosystem grows. Just a few weeks after the launch of PayPal USD, some cryptocurrency exchanges support, Including Coinbase, Crypto.com, Bitstamp и Kraken », - notes in the company's statement.

Recall, that the PayPal USD stablecoin was launched in early August. but, According to the analytical company Nansen, in the first weeks after the appearance, Pyusd did not gain very popularity. However, Analysts think, that stablecoin will receive wide application in PayPal services.