Birdwatch Note Rating
2023-08-08 13:43:08 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 993C1693CC2A634F4C4A9C14D0CF44CEA6AC8B9C1B796769DCB74AD3E17D1D78
Participant Details
Original Note:
PayPalUSD is a stablecoin launched by PayPal, fully backed by US dollar deposits. It can be bought or sold on PayPal’s app or website at $1.00 per PYUSD. PYUSD is built on Ethereum and issued by the Paxos Trust Company. https://www.theverge.com/2023/8/7/23822752/paypal-pyusd-stablecoin-cryptocurrency https://www.msn.com/en-au/money/markets/mooners-and-shakers-paypal-launches-usd-pegged-stablecoin-pyusd-bitcoin-cheers-up-a-bit/ar-AA1eVBkc
All Note Details