ROLLUP: Base Kicks-Off Onchain Summer
Bankless
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PayPal's PYUSD and the Future of Stablecoins
This chapter explores the launch of PayPal's fully backed US dollar stablecoin, PYUSD, and its potential impact on the cryptocurrency market, particularly given PayPal's extensive user base. It examines the features and centralization concerns of PYUSD compared to existing stablecoins, as well as the implications of its partnership with Paxos. Additionally, the chapter discusses the broader trends in the crypto space, including the launch of Base as a Layer 2 solution and the ongoing dialogue surrounding decentralization and regulation.
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