The launch of PayPal stablecoin (PYUSD) doesn’t impact Tether in any way, its CTO Paolo Ardoino told The Block.
The launch of PayPal stablecoin doesn’t impact Tether as the firm does not serve U.S. users, its CTO Paolo Ardoino told The Block.Stay updated on Pro Crypto Ecosystems news by locking ACS tokens with The Block.No wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Payments giant PayPal launched a stablecoin earlier today and it doesn’t impact USDT in any way, said Tether CTO Paolo Ardoino.has been launched in the U.S.
Another way the PYUSD launch could help Tether is that it could impact Tether's competition."It might mean an additional decline of our competition that is very much focused on the U.S.," he said, possibly hinting at rival Circle's USDC stablecoin."Tether instead focuses on emerging markets and developing countries.
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