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PayPal’s Stablecoin Not Likely to Be Used Widely Anytime Soon: Bank of America

Longer term, the bank sees much more competition for the token.

Updated Aug 11, 2023, 2:14 p.m. Published Aug 11, 2023, 11:02 a.m.
Bank of America doesn't believe PayPal's new stablecoin will gain widespread adoption in the near future. (Shutterstock)
Bank of America doesn't believe PayPal's new stablecoin will gain widespread adoption in the near future. (Shutterstock)