PayPal introduces its own stablecoin that’s pegged to the US dollar

Almost three years after PayPal started supporting cryptocurrency for all US accounts, the fintech company has launched its own stablecoin that’s pegged to the US dollar. PayPal USD, the payment processor said, is “100 percent backed by US dollar deposits, short-term US Treasuries and similar cash equivalents.” The company first confirmed that it was “exploring … Read more

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