$328 Million in PYUSD Transferred Between Unknown Wallets
A large-scale transaction involving over 328 million PYUSD tokens was recorded, with both the sender and receiver wallets remaining unidentified.
PYUSD
Summary
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Terms & Concepts
- PYUSD: A U.S. dollar-backed stablecoin issued by PayPal, designed to maintain a 1:1 value with the U.S. dollar.
- Wallet: A digital tool or software used to store, send, and receive cryptocurrencies or tokens.
- Stablecoin: A cryptocurrency designed to maintain a stable value by pegging it to a reserve asset like the U.S. dollar.