YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
PayPal Holdings Inc. is launching a stablecoin.
PayPal USD is backed by U.S. dollar deposits, short-term Treasuries and similar cash equivalents.
It's reportedly the first stablecoin launch by a large financial company. Stablecoin is a type of cryptocurrency where the value is pegged to a reference asset.
Read more from Bloomberg.
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