PayPal is considering launching its own asset-backed stablecoin - Technology News, Mobile Technology News, Videos, and Review | Techbrinks

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Saturday, 8 January 2022

PayPal is considering launching its own asset-backed stablecoin


As the name suggests, most stablecoins are backed by an existing asset of value, like fiat currency, exchange-traded commodities (such as precious metals) or even other cryptocurrencies, as a way to stabilize their value.

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