TechFlow news: Jose Fernandez da Ponte, PayPal's Senior Vice President of Blockchain, Crypto, and Digital Currencies, said that PayPal intends to continue advancing into the crypto industry by integrating its newly launched stablecoin PYUSD with the DeFi ecosystem.
Currently, PYUSD is only available through the PayPal wallet and has not yet been listed on centralized exchanges. PayPal is currently focused on ensuring PYUSD can be listed on centralized exchanges as soon as possible.
Regarding international expansion, PayPal plans to start from the United States, but currently has no plans to peg the stablecoin to other fiat currencies.
In addition, PayPal also plans to attract diverse users through innovative payment use cases, including purchasing digital goods in games.
