PayPal Stablecoin Fails To Impress So Far
Posted on 10/16/2023
PayPal had hoped its new stablecoin would help its prospects, but the stock is lethargic and the cryptocurrency isn’t making waves yet. PayPal controls 44% of the world’s payment service market, and it wanted to get in on the crypto universe with a new dollar stablecoin. The stablecoin is backed by cash reserves and treasuries.…
