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PayPal becomes first major fintech to launch dollar-backed stablecoin

PayPal becomes first major fintech to launch dollar-backed stablecoin
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PayPal becomes first major fintech to launch dollar-backed stablecoin

Aug 7 (Reuters) - Payments giant PayPal (PYPL.O) said on Monday it has launched a U.S. 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 |

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Stock Market Today: Stocks Barely Budge Ahead of Apple, Amazon Earnings

The major indexes finished well off their session lows ahead of tonight's earnings reports from Apple and Amazon.com. Stocks opened lower Thursday as investors continued to fret about a rare downgrade to the U.S. credit rating. However, markets turned higher mid-morning amid a busy batch of economic data and earnings reports. One of the more notable headlines to emerge from today's jam-packed economic calendar was that worker productivity increased 3.7% in the second quarter, while unit labor co

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Stock Market Today: Stocks Barely Budge Before AAPL Earnings

The major indexes finished well off their session lows ahead of tonight s earnings reports from Apple and Amazon.com.

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Why BlackRock and Other Fund Companies Are Pushing Into Crypto

The fund industry sees billions of dollars in potential fees and trading profits in Bitcoin, as companies such as BlackRock and Fidelity make a renewed push.

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