PayPal USD (PYUSD) vs Stellar (XLM)

PayPal USD is designed to contribute to the opportunity stablecoins offer for payments and is 100% backed by U.S. dollar deposits, short-term U.S Treasuries and similar cash equivalents. PayPal USD is redeemable 1:1 for U.S. dollars and is issued by Paxos Trust Company.

Stellar is a layer 1 blockchain platform designed to support fast, secure, and low-cost value transfers between different currencies. Launched in 2014 by one of the co-founders of Ripple, another cryptocurrency project aimed at facilitating cross-border payments for businesses and institutions, Stellar focuses more on modest daily exchanges. The Stellar network uses a unique consensus protocol, the Stellar Consensus Protocol (SCP), which allows for rapid transaction confirmation without relying on Proof of Work (PoW) or Proof of Stake (PoS).