PayPal launches PYUSD stablecoin. It is backed by USD deposits, pegged to the US dollar, on the Ethereum blockchain via Paxos Trust. The company enables P2P payments and conversions to other cryptos.
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MoneyGram is working with Stellar to deliver a new service called MoneyGram Access. With this solution, people can buy USDC with hard cash and make remittance payments with very low fees.
