5 PayPal Rivals Who May Launch Their Own Stablecoin

Crypto News: The stablecoin ecosystem is likely going to witness sea change with The Clarity for Payments Stablecoin Bill passed in the House Financial Committee. On Monday, payments company PayPal made a sensational announcement on the launch of its very own stablecoin. This could likely have a ripple effect on the financial companies and payments processors, considering the many use cases stablecoins offer. In February 2019. Wall Street financial giant JP Morgan’s stablecoin, the JPM Coin has been launched to improve the wholesale payments operations.