Here’s How PayPal Sees Stablecoin Growth Playing Out in the U.S.

In a recent interview, he acknowledged that consumer motivation remains low, prompting the company to experiment with new incentives such […]

The post Here’s How PayPal Sees Stablecoin Growth Playing Out in the U.S. appeared first on Coindoo.

In a recent interview, he acknowledged that consumer motivation remains low, prompting the company to experiment with new incentives such as rewards to increase engagement.

Since launching its own stablecoin in 2023, PayPal has observed that most users lean toward using the token for international money transfers—an area where stablecoins can offer a faster and cheaper alternative to traditional remittance channels.

Chriss pointed out that this initial focus on cross-border payments could lay the groundwork for broader adoption, especially as regulatory clarity improves. He cited the recently passed Genius Act in the U.S. Senate as a potential catalyst for accelerating stablecoin usage, revealing that PayPal played a key role in shaping the legislation.

   

 

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With legislative momentum and infrastructure in place, PayPal appears poised to leverage its early entry into the stablecoin space—but acknowledges that the journey toward mainstream acceptance will be gradual.

The post Here’s How PayPal Sees Stablecoin Growth Playing Out in the U.S. appeared first on Coindoo.

 

Source: https://coindoo.com/heres-how-paypal-sees-stablecoin-growth-playing-out-in-the-u-s/

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