PayPal Sees Stablecoin Generating Revenue From Payment Flows
- Company sees a number of ways to monetize stablecoins
- PayPal USD becomes first stablecoin by a global payments giant
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PayPal Holdings Inc., which became the first global payments firm to launch a stablecoin on Monday, plans to generate revenue from the product from its use in payment transactions.
That’s in addition to any interest income from assets backing the stablecoin, such as dollar deposits and short-term Treasuries, which historically has been a “high-margin revenue stream” for stablecoin businesses, Jose Fernandez da Ponte, senior vice president of PayPal’s blockchain, crypto and digital currencies, said during an interview Tuesday on Bloomberg TV.