PayPal Ventures' investment helps to reinforce Mesh's position as a leading player in embedded finance and highlights PayPal's commitment to fostering innovation in the digital payments landscape.
PayPal USD (PYUSD), PayPal’s on-chain, regulated, dollar-denominated stablecoin 100% backed by U.S. dollar deposits, short-term U.S Treasuries, and similar cash equivalents, is available on Venmo starting today.
PayPal USD (PYUSD) is fully backed by U.S. dollar deposits, short-term U.S. treasuries and similar cash equivalents, and can be redeemed 1:1 for U.S. dollars.
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