These changing conditions would make a stablecoin vastly more appealing for PayPal, for two straightforward reasons. First, as Da Ponte implied, the extended services enabled by a stablecoin may encourage users to hold a larger amount of money in the form of PYUSD, and to hold it longer. In theory, that could happen if there are simply more ways to use PYUSD than a conventional PayPal balance — for instance, for crypto trading on decentralized-finance platforms. Those larger overall collateral balances would produce more interest for PayPal on the back end.
Uniswap Postpones Protocol Upgrade Vote; UNI Tumbles 9%
"Over the last week, a stakeholder raised a new issue relating to this work that requires additional diligence on our...