Nearly three weeks after its launch, the PayPal (NASDAQ:) USD stablecoin has attracted limited adoption. Defunct crypto exchange FTX has announced a cybersecurity breach involving its bankruptcy case claims agent, Kroll, in which limited, nonsensitive customer data of specific claimants was exposed. Meanwhile, the Pepecoin (PEPE) memecoin took a sharp dive in price after strange token movements sparked fears of the beginning of a rug pull.
PayPal’s stablecoin sees limited uptake post-launch
The launch of PayPal’s stablecoin, PayPal USD (PYUSD), has been met with limited adoption so far, according to on-chain data compiled by Nansen.
FTX crypto exchange reports data breach involving claims agent Kroll
PEPE plunges as strange token movements spark fears of rug pull
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