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PayPal to Issue Dollar-Pegged Crypto Stablecoin Based on Ethereum

The token will be available first on PayPal and then on Venmo, and can be exchanged for U.S. dollars at any time.

Updated Aug 8, 2023, 3:29 p.m. Published Aug 7, 2023, 12:57 p.m.
PayPal will issue a stablecoin pegged to the U.S. dollar. (Shutterstock)
PayPal will issue a stablecoin pegged to the U.S. dollar. (Shutterstock)