PayPal on Monday launched a stablecoin digital currency backed by US dollars to be used for transactions at its global online payments platform. PayPal USD is issued by Paxos Trust Company and backed by dollar deposits and similar cash holdings, the online payments giant said in a release. It comes as the cryptocurrency industry is […]
PayPal on Monday launched a stablecoin digital currency backed by US dollars to be used for transactions at its global online payments platform. PayPal USD is issued by Paxos Trust Company and backed by dollar deposits and similar cash holdings, the online payments giant said in a release. It comes as the cryptocurrency industry is […]
The post PayPal debuts US dollar-backed stablecoin for payments appeared first on Insider Paper.
https://insiderpaper.com/paypal-debuts-us-dollar-backed-stablecoin-for-payments/
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