CryptoNews: PayPal’s PYUSD Launch Sparks Flood of Fake Tokens on Uniswap Following the launch of PayPal's recently announced ERC-20 stablecoin, PayPalUSD, a number of fake tokens with the PYUSD ticker have appeared on Uniswap
Currently, PYUSD/WETH and PYUSD/WBNB are trading pairs on Uniswap that use the PYUSD ticker.
PYUSD will only be accessible through PayPal, according to PayPal, which did not say whether it intended to list on other exchanges like Coinbase or Binance. However, PayPal USD might be used to send money between PayPal and suitable third-party wallets, and exchanges could accept it, so the stablecoin might eventually appear on DEXs.based on recent hot topics, such as Elon Musk’s X and the superconductor LK-99.Related Articles
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PayPal launches PYUSD stablecoin backed by the US dollarIt’s rolling out over the next few weeks.
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Payments Giant Paypal Launches Dollar-Backed Stablecoin PYUSD – Bitcoin NewsPaypal has introduced its own stablecoin, representing the first venture of its kind by a leading financial firm.
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PayPal Enters the Stablecoin Market With PYUSD | CoinMarketCapCryptoNews: PayPal has launched its stablecoin, called PayPal USD (PYUSD), an ERC-20 token backed by the US dollar. This makes PayPal the first major financial company to launch a stablecoin. 🔥
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PayPal Launches PYUSD, the First Dollar-Backed Stablecoin from a Major U.S. Financial InstitutionPayPal has introduced PYUSD, a new stablecoin aimed at revolutionizing payments in web3 and digitally native environments. This launch coincides with the anticipation of a crucial stablecoin bill vote in Congress. PYUSD is designed to streamline in-experience payments in virtual settings and enable direct flows to developers.
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PayPal stablecoin launch sparks wave of fake PYUSD tokensIn the 16 hours following the launch of PayPal’s new PYUSD stablecoin, degens crafted a roster of nearly 30 copycat tokens in an attempt to capitalize on the hype surrounding the launch. It is stated that PayPal USD could only be sent between verified PayPal and other compatible wallets, making it extremely unlikely that any of the tokens listed with the same ticker on UniSwap or any other decentralized exchange are the real thing. The largest imposter PYUSD token, minted on Ethereum, has seen a staggering $2
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