PayPal Halts Stablecoin Development Amid Regulatory Crackdown On Crypto

PayPal Halts Stablecoin Development Amid Regulatory Crackdown On Crypto


Ethereum World News
2023-02-10 21:24:26

Fintech giant PayPal has reportedly paused working on its stablecoin due to the renewed regulatory crackdown on crypto firms. PayPal was working with Paxos, which is currently facing a probe by the NYDFS.