PayPal with over 400 million alto users crypto- has long been interested in cryptocurrencies. Now it is making a move for crypto rewards at the cost of regulatory confusion, strict SEC stance and potential litigation risks. A few minutes ago announcement an indicator of appetite in the crypto space.
PayPal and Cryptocurrencies
Valued at over $60 billion Paypal is far ahead of its competitors and is very interested in crypto. In addition to the crypto exchange feature within the application, it also issued its own stablecoin. This step was the last big step of the Web2 giants’ race in crypto in the new era. While trillion-dollar giants issue ETFs, companies like PayPal are trying to make their slice of the crypto pie even bigger. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
Dollar-backed in August 2023 PYUSD The company, which has joined the stablecoin race with PYUSD, has already reached a value of close to $ 1 billion. Moreover, it is accelerating its growth by expanding into alternative networks. Now, its own stablecoin To further accelerate adoption, the company has partnered with Anchorage Digital, a US-based firm with a single bank charter, to provide stablecoin rewards to its user base of accredited investors who hold PYUSD.
Anchorage Digital insists that PYUSD and its rewards program are not considered investment contracts or securities. The latest move is a bold move and reflects confidence that crypto will not be strangled by regulation.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
