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"content": "Summary of PayPal\u0026#039;s PYUSD stablecoin hits $1B market cap\nnostr:nevent1qqsgeuzuex4jr8hg37d7eav9f5ekkcgznhse7eu6zv7m30ynrepa5sczypf29al0xju9evny2yc4hck4tsnxkyu3jjggztd9plhfz0u0076xcqcyqqqqqqgulmltq\n\nPayPal's PYUSD stablecoin has reached $1 billion in market capitalization, backed 1:1 by US dollars and issued by Paxos Trust Company. It competes with other regulated stablecoins like USDC and USDT, and PayPal is expanding its accessibility through partnerships with other companies.",
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