PayPal has announced the launch of a US dollar-pegged stablecoin. Leading payments giant PayPal has taken another step into the crypto sector by launching a dollar-pegged stablecoin. According to a press release today, the stablecoin is backed by short-term US Treasuries, US dollar deposits, and cash equivalents. Dubbed PayPal USD, the stablecoin will be issued The post PayPal Launches Dollar-Pegged Stablecoin For Payments first appeared on The Crypto Basic .
