The world-famous PayPal payment system is becoming a new platform for the release of the well-known cryptocurrency - stablecoin. These are virtual assets, the main task of which is to imitate the rate of real currencies: the dollar, the euro. With its help, two people can exchange currency, being in different parts of the world.


Fiat currency, which is stablecoin, has a lower level of volatility compared to Bitcoin and Ether. This is quite predictable, because the cryptocurrency market has not yet fully developed, and the blockchain is still considered a fairly "raw" system. The value of a stablecoin depends primarily on the stable asset. This is interesting if we look at the situation from the perspective of the ordinary free market.


The cryptocurrency is considered to be quite easy to use and technologically advanced. However, it remains the most volatile currency as its value often fluctuates and has no stable boundaries. Stablecoin, on the other hand, gains value more moderately and never "jumps" in value sharply. Against the background of volatile digital currency markets, the stable is considered one of the most reliable.
According to some sources, PayPal is currently negotiating and offering cooperation to some companies to launch a stablecoin together. The company executives said that workers continue to actively explore the full range of cryptocurrency opportunities, their potential, and also install the required number of infrastructure elements to serve customers.


A PayPal spokesman said in one of his interviews that they are constantly exploring new technologies and trying to introduce them into the system to the maximum. This is done primarily for the convenience of customers and attracting new users. For today, there are only a few rumors and assumptions about what plans the corporation has in the future.


Of course, the company is looking for partners for a reason. It is quite difficult and costly to implement such a complex project on your own, but a reliable companion in this area will help bring the finished product to the world market in a shorter time.


So far, it is only known about the investments PayPal, which she invested in the development of this project. And the amount is considerable - about $ 300 million. The partnership was concluded with Paxos, which is directly related to crypto exchanges and issues stablecoins.