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Bloomberg: PayPal suspends stablecoin project due to regulatory issues, originally set to launch in a few weeks

2023-02-11 10:06:54

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ChainCatcher news, according to Bloomberg citing informed sources, PayPal has paused its stablecoin project, which was originally set to launch in the coming weeks. However, due to the constantly changing regulatory environment for such digital assets (its partner Paxos is under investigation), PayPal will have to delay the progress of this work. (Bloomberg)

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PayPal stablecoin regulation Paxos

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PayPal stablecoin regulation Paxos

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