PayPal Launches New Stablecoin, Watch for Counterfeits

Posted By | 27 September, 2023

Opportunities to capitalize on something new and big never cease. PayPal has launched their own new stablecoin ($PYUSD). The token attestation contract is scheduled to be published in September, 2023.

Watch out for fake coins impersonating PayPal's new coin. If you see one called "PayPal Coin", be wary. That's not the official coin. Be savvy. Be vigilant. 

UPDATE — Paxos has now shared the official PYUSD contract. You can also review the token contract at the official PYUSD Github repository.