PayPal expanding cryptocurrency offerings with new stablecoin, PYUSD

PayPal is making a major investment in its crypto strategy, introducing its own stablecoin called PayPalUSD or “PYUSD.” Stablecoin is a type of cryptocurrency with its value tied to another commodity, in this case, the U.S. dollar. Hannah Lang, financial technology correspondent at Reuters, joined CBS News to talk about the new offering. Source