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PayPal to launch US dollar-backed stablecoin

By Jaiveer Shekhawat

Aug 8 2023 6:43AM

Major fintech embraces digital currency.

PayPal to launch US dollar-backed stablecoin

PayPal has launched a US dollar stablecoin, becoming the first major financial technology firm to embrace digital currencies for payments and transfers. While stablecoins - crypto tokens whose monetary value is pegged to a stable asset to protect from wild volatility - have been around for ...

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