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PayPal CEO Says US Stablecoin Adoption Faces Hurdles

Summary by World News
PayPal CEO Alex Chriss says it will take time before the use of stablecoins in the US becomes widespread. is weak despite increasing public discussion and legislative action; incentives are still being formulated. While PayPal brought one of the first stablecoins from a big financial company to market in 2023, it has proved difficult for users to use the coins for everyday financial activities, Chriss said. The Genius Act may also cause restricti

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Bloomberg broke the news in New York, United States on Thursday, June 26, 2025.
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