PayPal Plans to Integrate PYUSD into DeFi Ecosystem

PayPal's senior vice president of blockchain, crypto, and digital currencies, Jose Fernandez da Ponte, reveals in an interview that the company plans to make its stablecoin, PYUSD, available on decentralized finance (DeFi) platforms in the future. Currently, PYUSD can only be obtained through the PayPal wallet, but the intention is to distribute it on major exchanges. The stablecoin is already compatible with Ethereum wallets as an ERC-20 token and is fully backed and compliant with New York regulations.