PayPal introduces it's own stablecoin, PYUSD

Bitcoin Talk and Cryptocurrencies Cryptocurrency In the News
1

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.

2

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.