PayPal executed its first transaction with the PayPal USD (PYUSD) stablecoin on October 4, 2024. This marks a significant operational milestone for the company's digital currency initiatives.
Ernst & Young agreed to receive payment using PYUSD, demonstrating a real-world business application for the stablecoin. This transaction highlights the potential for PYUSD in commercial settings.
The successful execution of this transaction is a step towards increasing the utility and adoption of PYUSD within the broader financial ecosystem, showcasing its viability for digital payments.
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