Paxos Adopts Chainlink’s PayPal USD Price Feed to Accelerate Tokenized RWA Economy

February 07, 2024

To accelerate the adoption of PayPal USD (PYUSD), PayPal’s USD-backed stablecoin issued by Paxos, Chainlink now supports a PYUSD Chainlink Price Feed on Ethereum mainnet. Without secure data, applications and the funds held within them would be vulnerable to market manipulation attacks and other exploits. By securely delivering accurate PYUSD data on-chain, Chainlink Price Feeds help PYUSD to attract initial liquidity and kickstart ecosystem-wide adoption. Chainlink Price Feeds provide a multitude of critical features such as:High-Quality Data —Chainlink Price Feeds source data from numerous premium data aggregators, leading to price data that’s aggregated from hundreds of exchanges, weighted by liquidity depth and cleaned from outliers and suspicious volumes. —Chainlink Price Feeds source data from numerous premium data aggregators, leading to price data that’s aggregated from hundreds of exchanges, weighted by liquidity depth and cleaned from outliers and suspicious volumes.

The source of this news is from Paxos