Justin Sun Suggests Tron (TRX) Network to PayPal for its Stablecoin Launch
BitcoinSistemi says
Following the announcement of PayPal's own cryptocurrency PayPal USD (PYUSD), TRON founder Justin Sun proposed a collaboration with the company to launch PYUSD on the TRON network.
In a tweet published on Monday, Sun said he invited PayPal to consider issuing PYUSD on TRON, which he claims is fast, secure and cost-effective with 12 billion USD daily transactions.
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Justin Sun, has suggested that PayPal launch its stablecoin, PYUSD, on the Tron network. This proposal comes after PayPal announced its plans to launch PYUSD, a US dollar denominated stablecoin fully backed by US dollar deposits.
Sun believes that Tron's blockchain platform offers several benefits for PayPal's stablecoin launch. He highlights the advantages of merging traditional finance with blockchain technology and emphasizes Tron's fast, secure, and cost-effective platform.
It's worth noting that PayPal has already announced the launch of its own dollar-pegged stablecoin, but it is being launched on the Ethereum blockchain.
However, Sun's invitation to PayPal suggests that he sees potential in hosting the stablecoin on the Tron network. It remains to be seen whether PayPal will consider Sun's suggestion and choose to launch PYUSD on the Tron network. The decision ultimately lies with PayPal and its evaluation of various factors, including the technical capabilities and ecosystem of different blockchain platforms.
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