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ECB Warns PayPal Cash Grab Can Monopolize Stablecoins

ECB Warns PayPal Cash Grab Can Monopolize Stablecoins

European Central Bank executive Fabio Panetta has criticized PayPal and its PYUSD stablecoin for exploiting the loosely regulated private stablecoin market. He said tech companies could threaten the adoption of the digital euro if they monopolize stablecoins like they dominate the tech sector. Rathe

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