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PayPal s stablecoin is likely to succeed where Facebook s failed, thanks to the payment giant s standing in Washington and policymakers greater understanding of the issues in the last three years. . ....
By Hannah Lang WASHINGTON (Reuters) - PayPal's stablecoin is likely to succeed where Facebook's failed, thanks to the payment giant's standing in Wash. ....
The move, which comes as PayPal transitions to a new CEO announced last week, seems risky after Facebook s stablecoin was crushed by political opposition, and as regulators home in on the crypto sector following several meltdowns. ....
PayPal this month said it was launching PayPal USD, a crypto token pegged to the U.S. dollar, making it the second major global company to launch a stablecoin after Facebook, now Meta Platforms, unveiled Libra in June 2019. ....