PayPal is exploring the development of a USD-based Stabilitycoin.

Golden Financial reported that an expert from the PayPal company told CoinDesk on Friday that it had confirmed that PayPal decided to stabilize when the company established its crypto business. “We are looking for stable coins,” the PayPal expert said in an email. "We will work closely with relevant stakeholders to move forward." The news was first reported by Bloomberg after developer Steve Moser discovered and revealed evidence of PayPal's own secure home in the PayPal iPhone app. Passwords and graphics show the functionality of the so-called "Paypal coins". In a statement, Bloomberg said the symbol will be backed by US dollars. The recent use of cryptocurrencies by PayPal has done a lot of work to increase the number of cryptocurrencies that users can buy, invest in crypto education for users, and securely transfer cryptocurrencies to other wallets. . (Parts office)