PayPal launches stablecoin in crypto push

By: Admin
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Aug 7 (Reuters) - Payments firm PayPal (PYPL.O) on Monday launched a U.S. dollar stablecoin in a bid to boost the adoption of digital currencies for payments and transfers.

The stablecoin, known as PayPal USD, is backed by U.S. dollar deposits and short-term U.S Treasuries, according to the company.

https://www.reuters.com/technology/paypal-launches-stablecoin-crypto-push-2023-08-07/