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PayPal to Issue Dollar-Pegged Crypto Stablecoin Based on Ethereum

The token will be available first on PayPal and then on Venmo, and can be exchanged for U.S. dollars at any time.

PayPal will issue a stablecoin pegged to the U.S. dollar. (Shutterstock)
PayPal will issue a stablecoin pegged to the U.S. dollar. (Shutterstock)