PayPal Suspends Work On Its Stablecoin As Regulators Step Up Crypto Scrutiny

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Posted on: February 11, 2023

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PayPal Suspends Work On Its Stablecoin As Regulators Step Up Crypto Scrutiny

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…

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