PayPal reportedly confirms plans to explore the launch of a stablecoin -Breaking
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American fintech company PayPal (NASDAQ:) Holdings has reportedly announced its intention to create its own stablecoin, PayPal Coin. The development of an in-house stablecoin was first discovered in the source code of Paypal’s iPhone app by developer Steve Moser.
Confirming the evidence found on the PayPal app, Jose Fernandez da Ponte, PayPal’s SVP of crypto and digital currencies, TelledBloomberg News
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