Tether ‘welcomes’ PayPal’s PYUSD stablecoin to the market, says CTO Paolo Ardoino

Paolo Ardoino, CTO of Tether (USDT), said in an Aug. 8 statement shared with CryptoSlate that he welcomed PayPal’s entrance into the stablecoin industry.

Ardoino said PayPal’s foray into the field would enhance the overall growth of the ecosystem as it would drive competing firms to develop solutions that would further boost adoption and innovation.