PYUSD joins the universal digital payment network to address issues such as high costs and complex processes in traditional payments

ChainCatcher news, Paxos announced that its USD stablecoin PYUSD, in collaboration with PayPal, has joined the Universal Digital Payments Network, aimed at helping PYUSD better address the high costs, complex processes, and slow settlement issues typically associated with traditional payment mechanisms.

It is reported that the digital payments network is a global messaging network based on distributed ledger technology (DLT), designed to bridge the gap between traditional payment infrastructure and modern digital currencies.