PayPal’s PYUSD Launch Sparks Flood of Fake Tokens on Uniswap

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CryptoNews: PayPal’s PYUSD Launch Sparks Flood of Fake Tokens on Uniswap Following the launch of PayPal's recently announced ERC-20 stablecoin, PayPalUSD, a number of fake tokens with the PYUSD ticker have appeared on Uniswap

Currently, PYUSD/WETH and PYUSD/WBNB are trading pairs on Uniswap that use the PYUSD ticker.

PYUSD will only be accessible through PayPal, according to PayPal, which did not say whether it intended to list on other exchanges like Coinbase or Binance. However, PayPal USD might be used to send money between PayPal and suitable third-party wallets, and exchanges could accept it, so the stablecoin might eventually appear on DEXs.based on recent hot topics, such as Elon Musk’s X and the superconductor LK-99.Related Articles

 

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