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PayPal reportedly confirms plans to explore the launch of a stablecoin -Breaking

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American fintech firm PayPal (NASDAQ 🙂 Holdings has reportedly announced its intention to launch its own stablecoin called 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, SubmittedBloomberg News

PayPal Coin logo is found in the PayPal app. Source: PayPal iPhone App