What is the fate of PayPal Stable Coin, PYUSD?

[Fidelia]

PayPal had made it's foray into the crypto space rather late. They launched the PYUSD sometime last year. It is a stable coin though.

But it seems not much has been heard about it as USDT seems to be the most preferred stable coin. Would PYUSD ever get massive adoption like Tether?

 

[Carson20t]

Well, we do know that the parent company PayPal is a well-established company with a lot of investments and its market share in the world of businesses currently is very dominant. That is why they also feel they have what it takes to enter the cryptocurrency industry. I think they did all this just to keep on retaining a percentage of their clients who are tapping into this future money. With that said I think they are not doing enough to rise in the ranks right now and according to technical analysis pay-USD has only been ranging and it would not be a great idea to invest in the stable coin. The current graphical outlook on technical analysis indicates the range as shown below.


Technical analysis showed that PayPal USD is expected to range between $0.3984 and $1.39, with the average price of $0.996 in 2024. That being said, if you buy PayPal USD at the current price of $0.998931, the potential ROI for you in 2024 is +0%.

 

[monster_masterpiece]

I think it is not something serious to have a wallet with this coin if it doesn't enable guest check out on paypal and limit only on countries that could send or receive. For your information, it could be purchased from uphold for example.

 

[Carson20t]

The coin has faced a lot of resistance to grow but the current outlook is that PayPal USD currently sits at a price of $0.998512 (PYUSD/USD) with a live market capitalization of 398.8M or a circulating supply of 399.1M, So in theory we can safely say that PayPal USD's price movement is currently positive. However we must note, take for example the Technical analysis again showed that PayPal USD is expected to range between $0.34972 and $1.35, with the average price of $0.9992 in 2024 which does not seem to change. That means if we are to predict then if you buy PayPal USD at the current price of $0.999767, the potential ROI for you in 2024 is still at +0%.

 

[Fidelia]

The coin has faced a lot of resistance to grow but the current outlook is that PayPal USD currently sits at a price of $0.998512 (PYUSD/USD) with a live market capitalization of 398.8M or a circulating supply of 399.1M, So in theory we can safely say that PayPal USD's price movement is currently positive. However we must note, take for example the Technical analysis again showed that PayPal USD is expected to range between $0.34972 and $1.35, with the average price of $0.9992 in 2024 which does not seem to change. That means if we are to predict then if you buy PayPal USD at the current price of $0.999767, the potential ROI for you in 2024 is still at +0%.

Anyone that buys a stable coin is not expecting a return on investment. The only thing such a person is expecting is that the coin doesn't fluctuate unnecessarily.

 

[Suba]

PayPal USD or PYUSD is the same as other stable coins, the advantage is that PYUSD is run on the Solana blockchain so transactions will be cheaper, and is not intended as an investment instrument because the price is relatively stable, PYUSD is more widely used for crypto trading pairs.

 

[King Belieal]

PayPal USD or PYUSD is the same as other stable coins, the advantage is that PYUSD is run on the Solana blockchain so transactions will be cheaper, and is not intended as an investment instrument because the price is relatively stable, PYUSD is more widely used for crypto trading pairs.

From what you have explained, it means that tokens on the Solana and Blockchain have cheaper transaction fees. It is good because USDT as a stable coin has a really expensive transaction fees.

 

[Suba]

That's right, Ethereum transaction fees are very high, so I'm reluctant to use Ethereum, while the Solana blockchain fees are cheaper and faster, which is why many crypto developers prefer to use Solana.

 

[Kross]

Is the PYUSD listed on Binance? I would love to swap some of my LTC to PYUSD and hold for two weeks to see if it would be as stable as USDT.

 

[riberet19]

Well, I haven't heard anything about this stablecoin since it launched, so I don't know how advanced it will be in its adoption, I use PayPal and I haven't seen any option to use that stablecoin.

 

[King Belieal]

I heard that if you use the PYUSD to do transactions within the PayPal system, it doesn't charge any fees at all. I think that is some perks.