Tether CTO Says PayPal’s PYUSD Could Erode USDT’s Competition in America: Report

Tether CTO Paolo Ardoino says that PayPal’s newly launched stablecoin PYUSD could hurt USDT‘s US competition. In a new interview with Benzinga, Ardoino says that he doesn’t view PYUSD as competition for Tether, but rather, he views it as a challenge for competitors like Circle’s USD Coin (USDC). According to Ardoino, PYUSD may be a The post Tether CTO Says PayPal’s PYUSD Could Erode USDT’s Competition in America: Report appeared first on The Daily Hodl .