PayPal Holdings, an American fintech giant Confirming its intention to launch its own stablecoin, PayPal Coin, the in-house development of the stablecoin was first discovered by iPhone app PayPal developer Steve Moser.
Moser's findings reveal that PayPal is in the process of creating PayPal Coin, which will be backed by the US dollar. However, it is still in development, logo design and Token features.
In September 2021 PayPal announced a new Bitcoin trading service for the UK market. Clients can trade major cryptocurrencies such as Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH).