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.

bitcoin

💥BREAKING: PayPal launched their own #crypto stablecoin.

Believe

https://www.thestreet.com/cryptocurrency/paypal-unveils-stablecoin-pegged-to-dollar

>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.