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Paxos Adopts Chainlink’s PayPal USD Price Feed to Accelerate Tokenized RWA Economy

Twitter icon  •  Published il y a 2 mois  •  Hassan Maishera

Paxos has adopted Chainlink’s PayPal USD Price Feed to bring secure price data around its programmable stablecoin PYUSD to the Ethereum mainnet.

Chainlink announced via X on Wednesday that Paxos has adopted Chainlink’s PayPal USD Price Feed to bring secure price data around its programmable stablecoin PYUSD to Ethereum mainnet.

Paxos said the PYUSD Price Feed allows users to view highly accurate, reliable and decentralized market data for PYUSD on the blockchain. This provides users with the information needed to help create secure markets around PYUSD and adopt it as their preferred stablecoin to facilitate on-chain payments.

Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is up by 3% over the past 24 hours and is trading at $18.821 at press time.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.