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PYUSD launched on January 22 at Interactive Brokers, as traditional brokerages with 2.6 million clients and $770 billion in assets begin accepting stablecoin funds for trading stocks and options.
PayPal reached a scale of $3.8 billion in PYUSD without incentives or airdrops. When traditional brokerages become gateways for cryptocurrency deposits, the game rules are completely changed.
Stablecoins are essentially currencies with APIs; everything settled in USD at the core is being reconstructed.