On Monday, fintech giant PayPal unveiled the PayPal USD stablecoin, a new dollar-pegged stablecoin issued by Paxos and backed by deposits in dollars, cash, and short-term treasuries.
Short-term treasuries, what could possibly go wrong.
PayPal is taking "Do not go gentle into that good night" very seriously as they stupidly spend money to try and stay relevant in the shifting trend to blockchains. If only they would have just stayed focused on Bitcoin...
Is it April 1st?
https://www.thestreet.com/cryptocurrency/paypal-unveils-stablecoin-pegged-to-dollar
Short-term treasuries, what could possibly go wrong.
oh no. i think, i will issue my own "stable" coin and call it horseshitcoin
Their press release:
PayPal Launches U.S. Dollar Stablecoin
#221215
https://newsroom.paypal-corp.com/2023-08-07-PayPal-Launches-U-S-Dollar-Stablecoin
PayPal is taking "Do not go gentle into that good night" very seriously as they stupidly spend money to try and stay relevant in the shifting trend to blockchains. If only they would have just stayed focused on Bitcoin...
PAXOS
It's Paxos stablecoin, not PayPal's.
They just put their label on top of it.
Something fishy knowing the SEC is after stable coins.
Seems like everyone wants to invent their own coin these days
When will a political candidate/party to issue their own shitcoin in order to fund their campaign(s)?
great, how long until this one untethers??
likely a prelude to paypal switching to some blockchain or another for payment processing.