I think we're looking at a potential PayPal stablecoin from the wrong angle.

They're invested in the legacy banking system and would be simply using a collateralised version to make traditional cash movements between PayPal accounts easier.

So if you use PayPal, this will speed things up and make them more accessible.

But they're in no way competing with truly decentralised, algorithmic stablecoins like HBD.

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