JP Morgan, which has been long experimenting with blockchain technology, has finally decided to bring a blockchain-based payment solution to the market.
Users now feel that PYUSD is a step forward for PayPal's users, who would now receive faster settlements and incur lesser transaction costs.
Stablecoins are those cryptocurrencies whose value is fixed and are often pegged to a traditional asset such as the US Dollar, Euro, Gold, or even Crude Oil.