PayPal puts stablecoin work on hold

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Due to increased probe into crypto.

PayPal puts stablecoin work on hold
Payments platform PayPal has paused work on its stablecoin as regulators increase scrutiny of cryptocurrencies and a key partner on the project faces a probe by the New York State Department of Financial Services.  PayPal had hoped to debut the stablecoin, which will be backed one for one ...

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