PayPal’s PYUSD Stablecoin Surpasses $1 Billion Market Cap
PYUSD has serious competition from the likes of leading stablecoins such as Tether’s USDT and Circle’s USD Coin (USDC).
Circle USDC IPO Faces Hurdles as SEC Scrutiny Intensifies
USDC would require registration with the SEC if deemed a security, leading to increased operational costs for Circle.