PayPal is rolling out a new dollar-backed stablecoin.The stablecoin, issued by Paxos Trust Co, was detailed in a statement published Monday morning by the American payments giant. PayPal announced that customers who purchase PayPal USD will be able to transfer the stablecoin between “compatible external wallets” and PayPal. They will also be able to fund purchases with PayPal USD. The stablecoin will be available starting Monday, and PayPal customers will be able to purchase, send, convert and fund purchases in the “coming weeks.”
