PayPal plans to launch its stablecoin on the blockchain

PayPal plans to issue its own stablecoin, writes The Block, citing four acquaintances withsource situation.

According to sources, PayPal is in talkswith several organizations about issuing a stablecoin. Ava Labs, the developer of the Avalanche blockchain, became one of the organizations that negotiated with PayPal.

A PayPal spokesperson told The Block that "PayPal continues to explore the potential of digital currencies, digital financial services infrastructure and how we can help in this area."

“As a global company working withWith regulators and partners around the world to shape the next generation of financial systems, PayPal often discusses new technologies. However, rumors and assumptions do not speak about the future plans of the company "- said the representative of the company.

“They are more likely to implement this project with an existing partner in the market than to develop something themselves. This will help bring the product to market faster. "One of the sources told The Block.

Last fall, PayPal launched a service for buying and selling cryptocurrencies in partnership with Paxos.

In March 2021, the company announced the purchasecryptocurrency startup Curv "to accelerate and expand its initiatives to support cryptocurrencies and digital assets," which was its first acquisition of its kind. Ava Labs is developing a scalable Avalanche blockchain with subnetting and token support based on real world assets.

Last week Paxos announced it had recruitedinvestment of $300 million with the participation of PayPal Ventures. The company issues stablecoin Paxos Standard (PAX) pegged to the US dollar and PAX Gold pegged to gold. Paxos is also releasing the BUSD stablecoin in partnership with the Binance crypto exchange.

Where is it more profitable to buy bitcoin? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Bybit	https://bybit.com	7.5
3	OKEx	https://okex.com	7.1
4	Exmo	https://exmo.me	6.9
5	Huobi	https://huobi.com	6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• Platform Features– availability of additional features — futures, options, staking, etc.
• final grade– the average number of points for all indicators determines the place in the ranking.

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