PayPal’s Stablecoin Is No Libra. Why the Timing Feels Right
Like Facebook’s ill-fated Libra project, PYUSD is getting some pushback in Washington D.C. But its prospects seem more promising, says Michael J. Casey.
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Like Facebook’s ill-fated Libra project, PYUSD is getting some pushback in Washington D.C. But its prospects seem more promising, says Michael J. Casey.
Investors are likely indifferent to which stablecoins they hold as long as they are perceived as safe and accessible on the largest trading platforms, the report said.
The top Democrat on the House Financial Service Committee criticized PayPal’s plans in a statement on Wednesday.
High U.S. Treasury interest rates are a powerful short-term motivator. Everything else is theory.
Crypto is racked by competing ideologies, methods of building and differing aims. (Robert Larsson/Unsplash, modified by CoinDesk)
From PayPal’s entry into the stablecoin market to regulatory challenges faced by Worldcoin in Kenya, the crypto world continues to be a blend of innovation and controversy.
(Marques Thomas/Unsplash, modified by CoinDesk)