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Cryptocurrencies: 28644
Markets: 116584
Market Cap: $2,436,697,908,746     
24h Vol: $109,845,975,901
Bitcoinist 2023-02-11 08:34:08

PayPal Aborts Stablecoin Project As Regulators Step Up Crypto Probe

PayPal Aborts Stablecoin Project As Regulators Step Up Crypto Probe
Based on reports from various news outlets, PayPal has apparently decided to abort the launch of its stablecoin that was expected to be unveiled in the upcoming weeks, despite releasing its 2022 fourth quarter ffinancial results on Thursday. Back in August 2022, PayPal and the stablecoin issuer Paxos Trust stated that they were developing cryptocurrency
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