PayPal Reportedly Considering Its Own Stablecoin
By Sain in Business
Updated 3 years ago
PayPal Holdings (NASDAQ:PYPL) is determined to go even deeper into the world of cryptocurrencies, if a recent media article proves accurate. On Monday, cryptocurrency news site The Block reported, citing "four sources with knowledge of the situation," that PayPal has held discussions with numerous stablecoin developers; one specifically mentioned was blockchain specialist Ava Labs. This, the site suggests, indicates that the company could be soliciting partners to develop such a currency.