PayPal has launched PayPal USD, a stablecoin backed by U.S. dollar deposits, short-term U.S. Treasuries, and other cash equivalencies.

submitted by Musky from self.cryptocurrency

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[–]larrymartins 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

This development from PayPal might signal a shift towards mainstream acceptance of cryptocurrencies. With the backing of stable assets it could attract more investors seeking a secure entry point into the crypto space.

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