Launching of Stablecoin By PayPal In Crypto Drive

PayPal Holdings Inc. is deciding to launch its own stablecoin as being part of its cryptocurrency drive.

As per Jose Fernandez da Ponte, senior Vice President of crypto and digital currencies at PayPal, “We are exploring a stablecoin, if and when we seek to move forward, we will of course, work closely with relevant regulators”.

Stablecoins are cryptocurrencies supported and are priced by the value of current currency.

Evidence Of Launching Company’s Own Stablecoin

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