Is it April 1st?
reply
On Monday, fintech giant PayPal unveiled the PayPal USD stablecoin, a new dollar-pegged stablecoin issued by Paxos and backed by deposits in dollars, cash, and short-term treasuries.
Short-term treasuries, what could possibly go wrong.
reply
oh no. i think, i will issue my own "stable" coin and call it horseshitcoin
reply
PayPal is taking "Do not go gentle into that good night" very seriously as they stupidly spend money to try and stay relevant in the shifting trend to blockchains. If only they would have just stayed focused on Bitcoin...
reply
reply
It's Paxos stablecoin, not PayPal's.
They just put their label on top of it.
reply
Something fishy knowing the SEC is after stable coins.
reply
Seems like everyone wants to invent their own coin these days
reply
When will a political candidate/party to issue their own shitcoin in order to fund their campaign(s)?
reply
great, how long until this one untethers??
reply
likely a prelude to paypal switching to some blockchain or another for payment processing.
reply