PayPal Holdings Inc. is exploring the possibility of launching its stablecoin pegged to the value of the US dollar. Stablecoin cryptocurrencies derive their value from underlying external assets such as the U.S. dollar or the price of gold.
Evidence of the online payment giant’s exploration was discovered in Paypal’s app by developer Steve Moser.
Paypal’s Efforts
A Paypal spokesperson said that the images and code inside of the PayPal app originated from a recent internal hackathon – an event where engineers team up to rapidly explore and build new products that may never see a public release – within the organization's blockchain, digital currencies and crypto division. In other words, the ultimate logo, features, and name might change in its public product form.
Likewise, Pa...
