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PayPal Stablecoin Early Traction Signals Crypto Embrace 14 December 2023

On-chain data offers a peek into adoption traction for PayPal's PYUSD stablecoin during its limited rollout.
With over 200 million tokens issued across thousands of addresses, evidence suggests PayPal is making steady strides towards integrating crypto utility for its large user base amid wider embrace.

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Paxos Stablecoin Reserves Reflect Promises and Perils of Asset-Backing 14 December 2023

Paxos published its monthly transparency attestation for USDP stablecoin reserves, disclosing breakdowns of the assets backing outstanding tokens.
The ratios showcase benefits of collateralization for redemption guarantees but also concentration risks from custodial tradeoffs.
As debates persist around asset-pegged crypto design durability, data insights further the dialogue.

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