PayPal Issues Stablecoin in Crypto Payments Push

What is the primary reason for PayPal's collaboration with Paxos in the stablecoin market?

• To leverage Paxos' experience as a stablecoin issuer

• To avoid regulatory scrutiny

• To expand into the European market

• To compete with Tether

What backs PayPal's stablecoin?

• U.S. dollar deposits and treasuries

• Foreign currencies

• Gold reserves

• Cryptocurrencies

Which company is known for managing Circle's treasury of cash and cash equivalents?

• BlackRock

• Silicon Valley Bank

• JP Morgan

• Goldman Sachs

What is a significant factor for PayPal's stablecoin being used by companies like Coinbase?

• Its low transaction fees

• Its backing by stable U.S. dollars and treasuries

• Its association with Paxos

• Its backing by cryptocurrencies

Which stablecoin currently dominates the market?

• Tether

• Paxos

• PayPal's stablecoin

• USDC