Here's How the Coinbase-PayPal Stablecoin Deal Could Rock Crypto
(NASDAQ: COIN) and (NASDAQ: PYPL) have teamed up to make the payment giant's stablecoin, PayPal USD (CRYPTO: PYUSD), easier to buy and use. Coinbase is one of the leading U.S. crypto exchanges, and PayPal is a major player in e-commerce and online payments.
Stablecoins are cryptocurrencies that are pegged to real-world assets such as the U.S. dollar. As such, they offer a blockchain-based payment method that doesn't suffer from crypto's usual volatility. There's fierce competition for market share among the various stablecoins, and PayPal's Coinbase deal could give it a serious leg up.
Let's look at why the deal matters and how increased stablecoin usage is good for the wider crypto ecosystem.
Source Fool.com
Paypal Holdings Inc Stock
€43.18
2.030%
Currently there is a rather positive sentiment for Paypal Holdings Inc with 37 Buy predictions and 11 Sell predictions.
With a target price of 74 € there is a hugely positive potential of 71.38% for Paypal Holdings Inc compared to the current price of 43.18 €.
