PayPal, a prominent Silicon Valley company, made a groundbreaking move in 2023 by introducing their very own Stablecoin called “PYUSD.” This innovative digital currency is directly linked to the value of the US dollar and is supported by a combination of cash reserves and short-term government securities. Building on their success, PayPal has now unveiled an exciting new addition to their money transfer platform, Xoom. As of April 4th, this service is accessible to users all across the United States.
