PayPal reportedly weighing stablecoin

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May 8, 2021

PayPal rumors are a harbinger for stablecoins as the future of crypto payments.

PayPal may be considering extending its cryptocurrency offerings to include its own stablecoins, according to reporting from The Block indicating that the payments titan is in very early conversations about a potential launch.

PayPal is reportedly looking to launch the stablecoin with a third-party partnership rather than building it from scratch—likely to get it up and running quickly.

PayPal's potential ambitions could indicate that the future of crypto payments lies beyond Bitcoin—in stablecoins and central bank digital currencies (CBDCs).

Insider Intelligence's Jaime Toplin has the full story.

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