ALBAWABA – The world of crypto and digital currency is welcoming a new stablecoin backed by United States (US) dollar deposits, as PayPal launches US Dollar-backed stablecoin PayPal USD on Tuesday. Issued by Paxos Trust Company, the digital currency will also be backed by other cash holdings, PayPal said in a press release. Paxos 🤝 PayPal Thrilled to be partnering with @PayPal to bring PYUSD, the world’s safest dollar-backed digital ...