PayPal seeks an industrial bank charter in Utah to cut reliance on partners, fund small businesses directly, and consolidate its growing cryptocurrency and PYUSD stablecoin operations.
PYUSD
PayPal introduces "Pay with Crypto," allowing US merchants to accept over 100 cryptocurrencies, with funds converting to fiat or PYUSD at low transaction fees (0.99% for first year).PayPal, Crypto Payments, Cryptocurrency, Merchants, Bitcoin, Ethereum, PYUSD, Stablecoin, Transaction Fees, US