On June 11, PayPal Announced Plan to launch your US dollar-supported Stabeloin, PayPal USD (Pyusd)On the staller blockchain network, regulatory approval from the New York State Department of Financial Services pending. If approved, this step will mark the expansion of pyusd beyond its current availability on Etreum and Solana.
Payal described the staller as a blockchain, which was sewn for low cost, high speed payment with strong real -world utility. By adding support to the stallers, the company’s goal is to pay payments, cross -border transfers and improve the accessibility of Pyusd for financial services. Integration is expected to increase daily payment options and provide users with extended access to financing equipment such as working capital and small trade loans, where the steller is already active.
The press release emphasized the existing global infrastructure of the staller, including on and off-ramps, local payment systems, and a broad network of digital wallets, which can help users to bring Pyusd in more than 170 countries. Paple also highlighted the potential benefits for liquidity and disposal through Pesafi, which is an emerging digital financing mechanism, which would allow businesses to use real -time capital in the Pyusd on the steller.
May Zabaneh, the vice president of Paypal for digital currencies, said that the partnership would help in furthering the use of blockchain in cross -border payments. Dixon, CEO of the Steeller Development Foundation, said that cooperation can help using practical stabilcoins for global emerging markets and small businesses.
The Pyusd Paxos Trust is issued by the company and is fully supported by cash and cash-equivalent reserves, with a certain redemption value of $ 1.00 per token.
First it in one Little video Ian Bureil, a senior director of Paple, released by the Staller Foundation, who manages the Crypto Engineering Team, wished why his firm was excited about the launch of Pyusd on Stellar. Bureil said that the staller is a fast, low -cost network and it reaches more than 180 countries of Pyusd. He said that enabling traders to use Pyusd on stellar provide them to send money in real time, which makes them for more efficient capital management.
technical analysis
- The XLM token of the stellers recorded a significant price appreciation during the 24-hour trading period from July 11 to July 12 to July 12 to 16:00 UTC from July 12 to 12 July to 16:00, with the stocks grow within the range of $ 0.071, which represent around 20.59% unstablishness between sessions of $ 0.345 and at the high $ 0.416 of $ 0.416 of $ 0.416 of $ 0.416.
- The most notable trading activity occurred on July 12 at 01:00 am during the morning, when the XLM shares proceeded from $ 0.354 to $ 0.393 on a sufficient amount of 551.38 million units, then install technical support with a 24-hour average of 234.19 million and with technical support with technical support of $ 0.354 value levels.
- The upward speed remained at 11:00 UTC on July 12, reaching a high session of $ 0.416, before facing resistance in $ 0.400- $ 0.403 range, where institutional advantage appeared to limit further advances.
- In the last hour of trading from July 12 to 15:47 UTC to 16:46 UTC, XLM expanded the positive speed of the session to show fresh strength with an advance of $ 0.37 to $ 0.39 with 3.89% advance.
- The most important price movement occurred between 16: 03-16: 08 UTC when the stock was $ 0.374 to $ 0.374 to 13.16 million and 17.14 million respectively, above average per hour per hour of 3.2 million units.
- This activity established technical assistance around $ 0.385- $ 0.387, where shares consolidated through the last 30 minutes of the session, the market participants saw the possible continuity towards $ 0.39- $ 0.40 resistance levels identified in comprehensive technical analysis.
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