PayPal

Sky, which was previously known as Maker, deployed its USDS stablecoin on Solana to tap into the blockchain's DeFi ecosystem.

David Sacks, famed for being a part of the “PayPal Mafia” and investing in a number of other successful startups, has established himself as an influential voice among Silicon Valley digerati, though not without controversies on the way. 

Learn the step-by-step process of buying PYUSD, the sought-after stablecoin, on one of the leading digital payments platforms, PayPal.

PYUSD has garnered significant interest from both the cryptocurrency community and PayPal's user base, who are eager to explore the currency's potential to compete with the two leading US dollar-backed cryptocurrencies, USDT and USDC.

The payment giant has recently unveiled its PayPal USD (PYUSD) stablecoin, which is seen as a strategic move by the company to capture a share of the growing crypto market.

PayPal’s stablecoin launch inspired scammers to offer their own “cryptocurrencies.” Since yesterday, over 60 counterfeit tokens have surfaced on decentralized exchanges.

The online payment platform denied plans to deduct $2,500 from users’ accounts for spreading misinformation after facing an immense backlash on social media.