PayPal USD (PYUSD) has remained unchanged against the US dollar, trading at $1.00 as of 11:00 AM Eastern on December 31st. This stablecoin boasts a total market capitalization of $3.54 billion, with approximately $192.56 million in trading volume recorded over the past 24 hours. Despite fluctuations in the broader cryptocurrency market, PYUSD”s value has remained steady with no percentage change over the past week.
Currently, one token of PayPal USD can be exchanged for $1.00 or 0.00001144 BTC on various cryptocurrency exchanges. This stability is particularly noteworthy given the performance of other cryptocurrencies during the same period. For example, Aidi Finance (AIDI) and Zoo Token (ZOOT) both experienced a decline of 2.2% against the dollar, trading at $0.0000 and $0.0652, respectively. Other tokens like CareCoin (CARES) also saw a drop, now trading at $0.0809.
On the flip side, tokens such as Hokkaidu Inu (HOKK) and SolvBTC.BBN (SOLVBTC.BB) showed positive momentum, increasing by 1.2% and now priced at $0.0004 and $88,059.06 accordingly. Meanwhile, Lumi Credits (LUMI) surged ahead with an 8.9% increase, reaching a trading price of $0.0162.
Launched on August 7th, 2023, PayPal USD has a total supply of 3,538,504,581 tokens. The official website for this stablecoin can be found at www.paypal.com/pyusd, and for the latest updates, interested parties can follow its official Twitter account at @paypal.
For those looking to acquire PayPal USD, it is important to note that purchasing this cryptocurrency directly with U.S. dollars is generally not feasible. Potential investors should first buy Bitcoin or Ethereum through U.S. dollar-supporting exchanges like Changelly, GDAX, or Coinbase. Once they have Bitcoin or Ethereum, they can then exchange these assets for PayPal USD on the aforementioned platforms.
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