In the grand tapestry of financial news, a tale unfolds; the behemoth PayPal, with its fingers in many a pie, now deigns to expand its stablecoin reach. 🐘💼
Merchants by the millions, like moths to a flame, will flock to the PYUSD stablecoin, as it takes its place in PayPal’s bill-pay domain later this year.
Monica Long, the matriarch of Ripple, raises an eyebrow in a gesture most cryptic, remarking that this move “sounds familiar” – a thinly veiled jibe at PayPal’s tardy entrance to the stablecoin ball.
Ripple, ever the trailblazer, launched its own stablecoin child in the cold December month, after the necessary nods from the regulatory gods. This stablecoin aims to be the lifeblood of the sprawling Ripple realm.
According to the all-seeing CoinGecko, the Ripple USD (RLUSD) stablecoin boasts a market cap of $125 million – a modest fortune in the cryptocurrency’s wild west. 🤑
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2025-02-26 09:28