PayPal payment platform began offering a crypto trading service for major currencies back in 2020. In a recent discussion with Bloomberg and PayPal’s General Manager of Blockchain, Crypto, and Digital Currencies, Jose Fernandez da Ponte, it was revealed that the company is “researching a stablecoin.”
Fernandez went on to say that they would “work closely with appropriate regulators” as they decide whether to move forward with a native stablecoin in the future.