Category: World Weekly News

PayPal Launches Dollar-Denominated Stablecoin to Increase Reliance on Digital Currencies

By Editorial Team PayPal Launches Dollar-Denominated Stablecoin to Increase Reliance on Digital Currencies Introduction Financial transactions firm PayPal launched a dollar-denominated stablecoin on Monday to increase reliance on digital currencies for payments and transfers. The firm said the stablecoin is backed by dollar deposits and short-term US Treasury bonds and will be issued by Paxos […]