Following the announcement by Paypal of the introduction of a novel stablecoin asset named PYUSD, a wave of counterfeit Paypal tokens has emerged on decentralized exchange (dex) platforms, including Uniswap. The absence of an official release of PYUSD’s token address by Paypal or Paxos has paved the way for the creation of these fraudulent tokens, crafted to ensnare unwary traders.
Crypto Community Has Yet to Verify Paypal’s Official Token Contract; Scam Tokens Proliferate
On August 7, 2023, Paypal unveiled a new stablecoin, tethered to the value of the U.S. dollar. Both Paxos and Paypal have disseminated information about the stablecoin on their individual websites, although the token contract is conspicuously absent from these online portals.
on the look out for @PayPal’s $PYUSD token contract
— juliettech (@_juliettech) August 7, 2023
Paxos has outlined that the stablecoin’s inaugural attestation report is scheduled for publication in September 2023. Although no specific
We współpracy z: https://news.bitcoin.com/paypals-new-stablecoin-sparks-confusion-wave-of-counterfeit-tokens-flood-decentralized-exchanges/
