Tether CTO: The launch of PayPal's stablecoin has no impact on Tether

ChainCatcher news, according to The Block, Tether's Chief Technology Officer Paolo Ardoino stated that the launch of PayPal's stablecoin will not affect Tether, as the company does not provide services to U.S. users. When asked whether PYUSD will be launched in international markets, Ardoino said it is positive for the entire crypto industry, suggesting that the launch of PYUSD could lead to a decline for competitors.