How to build with PayPal USD (PYUSD) on Solana

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  • What PYUSD is, 
  • Where and how to build with PYUSD


What PYUSD is?

The PayPal USD (PYUSD) stablecoin is issued and managed by Paxos Trust Company on behalf of PayPal. 

Its goal is to maintain a stable 1:1 value with the United States dollar, giving the cryptocurrency market a trustworthy and safe digital version of the U.S. dollar. 

Solana's high-performance network is designed for speed, scalability and cost-efficiency, aiming for block times of approximately 400 milliseconds and supporting thousands of transactions per second at median fees of fractions of a cent.

Use cases of PYUSD:

  • Cross-border P2P payments - using a Solana wallet, with transactions settling almost instantly and at negligible cost.
  • Business-to-business transfers - programmable features in PYUSD, businesses can develop their own services to facilitate transfers.
  • Microtransactions - can integrate with fiat bank accounts using digital native currencies.
  • Global payouts - PYUSD removes the need for a complex network of multiple banking networks, currencies and digital wallet systems.

https://cointelegraph.com/news/how-to-build-with-paypal-usd-pyusd-on-solana

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