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

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American fintech company PayPal (NASDAQ:) Holdings stated that it intends to create its own stablecoin, the 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 senior vice president of crypto and digital currencies, TelledBloomberg News

PayPal Coin logo can be found within the PayPal app. Source: PayPal iPhone App