PayPal’s new stablecoin means it can offer payment services and products

In a landscape defined by financial intricacies and technological dynamism, the recent incursion of PayPal (the global giant in payment solutions) into the realm of stablecoins via the introduction of PayPal’s USD (PYUSD) has set in motion a series of compelling discussions. This calculated manoeuvre has sparked inquiries into the motivations underpinning this strategic shift and the consequential ripple effects in the financial economy. Amidst the nuanced tapestry of regulatory considerations, the eminent stature of PayPal bestows upon it an influential role, transcending the pursuit of mere profit. Whilst the immediate objective of PYUSD is unmistakably linked to generating revenue, a more profound purpose emerges juxtaposing this move against the financial achievements of its counterparts. The impressive financial milestones of Coinbase’s USDC stablecoin and Tether (making $199 million and $1 billion in Q2 2023 respectively and attained without leaning on stablecoin income) undersc…