![Close-up view of Paypal logo Close-up view of Paypal logo on an online shopping website with various payment methods, shot with macro probe lens](https://coingeek.com/wp-content/uploads/2023/08/Close-up-view-of-Paypal-logo-380x188.webp)
PayPal, Paxos launch new stablecoin just as Fed Reserve tightens oversight
PYUSD is being pitched as good for sending person-to-person payments, transferring to external wallets or funding purchases and users can convert PYUSD to other PayPal-supported digital assets.