PayPal has paused work on its stablecoin project, because its crypto partner Paxos is under investigation by the New York Department of Financial Services, Bloomberg reports.
According to a person with knowledge of the matter, PayPal had wanted to launch its stablecoin offering in the coming weeks.
Stablecoins
Policy and Regulation
Total stablecoin market cap surpasses $230 billion amid institutional interest and Trump policies 'He signs whatever I say': LIBRA token 'facilitator' Hayden Davis claims he paid Argentine Pres. Milei's sister for influence: report Argentinian President Javier Milei charged with fraud over $LIBRA token scandal: AP Bitwise files Dogecoin ETF registration, firm confirms Trump-backed World Liberty Financial swaps approximately $90 million worth of stablecoins for ETH, LINK and other tokens
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