In a bid to accelerate the adoption of PayPal USD
(PYUSD), a USD-backed stablecoin issued by Paxos, Chainlink has introduced a
PYUSD Chainlink Price Feed on the Ethereum mainnet. This collaboration aims to
provide market data for PYUSD on the blockchain, promoting PYUSD stablecoin for
on-chain transactions.
PYUSD, an open and programmable stablecoin backed by
dollar deposits, US treasuries, and cash equivalents, facilitates payments and
serves as collateral for DeFi projects on Ethereum.
By integrating Chainlink Price Feeds, Paxos and
Chainlink aim to enhance the adoption of tokenized real-world assets (RWAs) and
scale on-chain finance to a global audience.
Chainlink’s security infrastructure seeks to ensure
the integrity of PYUSD data on-chain. By sourcing data from aggregators and
utilizing secure node operators, Chainlink Price Feeds offers market data
essential for establishing fast markets and bolstering liquidity in the DeFi
space.
Chainlink is a decentralized computing platform that
facilitates access to real-world data and enables high-integrity markets across
various sectors. Paxos is the issuer of regulated digital assets like PYUSD,
USDP, and PAXG. Chainlink empowers DeFi projects with data and
security, driving the adoption of PYUSD and other tokenized assets.
In a bid to accelerate the adoption of PayPal USD
(PYUSD), a USD-backed stablecoin issued by Paxos, Chainlink has introduced a
PYUSD Chainlink Price Feed on the Ethereum mainnet. This collaboration aims to
provide market data for PYUSD on the blockchain, promoting PYUSD stablecoin for
on-chain transactions.
PYUSD, an open and programmable stablecoin backed by
dollar deposits, US treasuries, and cash equivalents, facilitates payments and
serves as collateral for DeFi projects on Ethereum.
By integrating Chainlink Price Feeds, Paxos and
Chainlink aim to enhance the adoption of tokenized real-world assets (RWAs) and
scale on-chain finance to a global audience.
Chainlink’s security infrastructure seeks to ensure
the integrity of PYUSD data on-chain. By sourcing data from aggregators and
utilizing secure node operators, Chainlink Price Feeds offers market data
essential for establishing fast markets and bolstering liquidity in the DeFi
space.
Chainlink is a decentralized computing platform that
facilitates access to real-world data and enables high-integrity markets across
various sectors. Paxos is the issuer of regulated digital assets like PYUSD,
USDP, and PAXG. Chainlink empowers DeFi projects with data and
security, driving the adoption of PYUSD and other tokenized assets.