Recently Paypal had organized an internal hackathon on its own cryptocurrency division where a developer named Steve Moser had found a hidden code in the ios version of the app where it shows the name and the logo of the coin called "Paypal Coin". Upon investigating the code the developer found it is backed by US Dollar and it is a stable coin that could be launched by Paypal. After this news Vice President crypto and digital currencies at PayPal Fernandez da Ponte Quoted We are exploring a stable coin and if and when we seek to move forward, we will, of course, work closely with the relevant regulators. This confirms Paypal wanna launch their own stable coin or trying to launch still isn't sure. My article : https://read.cash/@CyberCrypto/paypal-to-enter-the-crypto-world-with-their-new-stable-coin-paypal-coin-e6d66cf8
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