PayPal Holdings, Inc. (PYPL) vs Ethereum (ETH)
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Correlation Analysis
Insight
PayPal's stablecoin, PYUSD, launched on the Ethereum blockchain in August 2023, establishing a existing connection between PayPal and Ethereum.
Historical Triggers
- August 2023:Launch of PYUSD on Ethereum.
Notes
- Ethereum network activity can influence PayPal's blockchain-related initiatives.
- Ethereum upgrades or increased DeFi activity may affect PYPL's engagement with blockchain technologies.