PayPal’s stablecoin, which it debuted in 2023, is supposed to be redeemable at a 1:1 rate for US dollars. $300 trillion is more than double the entire world’s current GDP of $117 trillion. In short, that’s a really bad mistake from Paxos.“
PayPal’s stablecoin, which it debuted in 2023, is supposed to be redeemable at a 1:1 rate for US dollars. $300 trillion is more than double the entire world’s current GDP of $117 trillion. In short, that’s a really bad mistake from Paxos.“
And please stop questioning the global currency system that was built since Breton woods after WW2 and that global capitalism and trade depends on.