11 Aug 2023

PayPal launches US dollar stablecoin

PayPal positioning itself in the lucrative stablecoin market, the first days of Coinbase's Base network, and insolvency rumors surrounding a crypto exchange. We guide you through the most important crypto news from the past week.
this week in crypto august 4-11 SVG

Top stories

  • PayPal launches US dollar stablecoin
  • Coinbase opens the Base network for public access
  • Huobi faces notable outflows amid insolvency rumors
PayPal launches US dollar stablecoin Paypal, one of the world's most popular payment platforms, announced the launch of the PYUSD stablecoin this week. The stablecoin will be issued by Paxos, just like Binance's now-abandoned BUSD stablecoin.
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