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Coin-turk.com

2023-08-08 14:45:26

PayPal’s Stablecoin Move Prompts Regulation Call from US House Representative

PayPal’s Stablecoin Move Prompts Regulation Call from US House Representative

US House Representative and Chairman of the Financial Services Committee, Patrick McHenry, made remarks following the announcement by payment giant PayPal that it will launch PayPal USD (PYUSD), a stablecoin pegged to the US dollar. McHenry emphasized the need for clear regulations and strong consumer protections to enable the potential of stablecoins.The post PayPal’s Stablecoin Move Prompts Regulation Call from US House Representative appeared first on COINTURK NEWS.

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