PayPal is exploring the launch of a stablecoin, The Block has learned.
Four sources with knowledge of the situation told The Block that PayPal has made the rounds among some of the industry’s stablecoin protocol developers — suggesting the payments giant may be leaning towards working with a third-party company.
Ava Labs, the team behind the Avalanche blockchain, is one of the organizations that has held talks with PayPal over stablecoin development, according to people familiar with the matter. It is not clear which other protocols have been involved in the discussions.
A PayPal spokesperson told The Block that “PayPal continues to explore the potential of digital currencies, digital financial services infrastructure and how we can help enhance digital commerce as a trusted partner in the space.”
“As a global company working with regulators and industry partners throughout the world to shape the next generation of financial systems, the company is in frequent co
Malaysia wants to benefit from chip companies trying to diversify their supply chains
The tech rivalry between the U.S. and China could be an opportunity for Malaysia’s semiconductor industry to stand…
