Why has PayPal launched a USD stablecoin?
· The announcement that PayPal launched its own US dollar-backed stablecoin was met with mixed reactions. · To address the questions around why PayPal has launched PYUSD, FXC Intelligence has today published a deep dive report into PayPal’s potential strategies. · The project is likely being enacted to enhance the company’s current crypto play and lay the groundwork for longer-term benefits that may emerge.On 7 August 2023, PayPal announced the launch of its own US dollar stablecoin, dubbed PayPal