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Sunday, February 25, 2024
More
    bitcoin
    Bitcoin (BTC) $ 51,651.84
    ethereum
    Ethereum (ETH) $ 3,031.36
    tether
    Tether (USDT) $ 1.00
    bnb
    BNB (BNB) $ 382.63
    usd-coin
    USDC (USDC) $ 1.00
    xrp
    XRP (XRP) $ 0.545141
    binance-usd
    BUSD (BUSD) $ 1.00
    dogecoin
    Dogecoin (DOGE) $ 0.086144
    cardano
    Cardano (ADA) $ 0.590012
    solana
    Solana (SOL) $ 102.68
    matic-network
    Polygon (MATIC) $ 0.973105
    polkadot
    Polkadot (DOT) $ 7.73
    tron
    TRON (TRX) $ 0.137551

    Paxos and Chainlink Companion to Increase PYUSD Adoption

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    BuyBitcoinFiveMinute

    In a bid to speed up the adoption of PayPal USD (PYUSD), a USD-backed stablecoin issued by Paxos, Chainlink has launched a PYUSD Chainlink Value Feed on the Ethereum mainnet. This collaboration goals to offer market information for PYUSD on the blockchain, selling PYUSD stablecoin for on-chain transactions.

    PYUSD, an open and programmable stablecoin backed by greenback deposits, US treasuries, and money equivalents, facilitates funds and serves as collateral for DeFi initiatives on Ethereum.

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    By integrating Chainlink Value Feeds, Paxos and Chainlink goal to boost the adoption of tokenized real-world property (RWAs) and scale on-chain finance to a world viewers.

    Chainlink’s safety infrastructure seeks to make sure the integrity of PYUSD information on-chain. By sourcing information from aggregators and using safe node operators, Chainlink Value Feeds affords market information important for establishing quick markets and bolstering liquidity within the DeFi house.

    Chainlink is a decentralized computing platform that facilitates entry to real-world information and permits high-integrity markets throughout numerous sectors. Paxos is the issuer of regulated digital property like PYUSD, USDP, and PAXG. Chainlink empowers DeFi initiatives with information and safety, driving the adoption of PYUSD and different tokenized property.

    See also  Week in Assessment – November 20 – November 26
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