By AMB Crypto - 1 year ago - Reading Time: 1 minutes
PayPal pauses Stablecoin development amid regulatory crackdown
Fintech giant PayPal has paused the work on its upcoming stablecoin due to the current regulatory environment in the crypto industry. Its stablecoin development partner Paxos is currently facing a probe by the New York Department of Financial Services. American fintech firm PayPal has stopped working on its upcoming stablecoin as U.S. federal agencies renew […]Original source: AMB Crypto