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PAYPAL
- In a first for a major US financial institution, the company has announced it is introducing a stablecoin for payments and transfers.
- Will be backed by US dollar deposits, short-term US Treasuries and other cash equivalents.
- Will be introduced to American…
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PAYPAL
- In a first for a major US financial institution, the company has announced it is introducing a stablecoin for payments and transfers.
- Will be backed by US dollar deposits, short-term US Treasuries and other cash equivalents.
- Will be introduced to American customers gradually, who will be able to fund purchases with it.
- Can also be transferred between PayPal and selected external wallets.
- Also compatible with person-to-person payments and conversion to selected cryptocurrencies.
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