On Monday, PayPal (NASDAQ: PYPL) unveiled its latest innovation: a stablecoin digital currency named PayPal USD. This new offering, backed by Paxos Trust Company, is tethered to US dollars and is intended to facilitate seamless transactions within PayPal’s expansive online payment platform. The stablecoin, PayPal USD (PYUSD), is backed by a combination of US dollar … Continue reading PayPal Runs Out Of Gas Shortly After Launching Stablecoin