PayPal introduces it's own stablecoin, PYUSD

Good timing, PayPal. I think an American-based, finance-world familiar, and a regulated business with plenty of retail clients, in the payments industry, makes this a very lucrative move for PayPal.

Another potential onboarding of PayPal and Venmo users who werent already interested in crypto when PayPal started supporting Bitcoin, Bitcoin Cash, Litecoin and Ethereum.

This is great news but it won’t move the market in some insane way, regardless of the size of PayPal’s and Venmo’s user base. There still needs to be a reason for those audiences to want to trade or pay with crypto. Right now those aren’t attractive situations.