Here's How the Coinbase-PayPal Stablecoin Deal Could Rock Crypto

Coinbase (NASDAQ: COIN) and PayPal (NASDAQ: PYPL) have teamed up to make the payment giant's stablecoin, PayPal USD (CRYPTO: PYUSD), easier to buy and use. Coinbase is one of the leading U.S. crypto exchanges, and PayPal is a major player in e-commerce and online payments.Stablecoins are cryptocurrencies that are pegged to real-world assets such as the U.S. dollar. As such, they offer a blockchain-based payment method that doesn't suffer from crypto's usual volatility. There's fierce competition for market share among the various stablecoins, and PayPal's Coinbase deal could give it a serious leg up.Let's look at why the deal matters and how increased stablecoin usage is good for the wider crypto ecosystem.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool