RE: Stablecoin Wars: PayPal Joining The Game
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I think we're looking at a potential PayPal stablecoin from the wrong angle.
They're invested in the legacy banking system and would be simply using a collateralised version to make traditional cash movements between PayPal accounts easier.
So if you use PayPal, this will speed things up and make them more accessible.
But they're in no way competing with truly decentralised, algorithmic stablecoins like HBD.
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I would agree about it not competing since I think it will be token just for their closed system. From what I can see, it does not look like it will be spread out on decentralized platforms. But then, as they are rolling this out, perhaps they see the value in that.
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