Bank of America: Widespread adoption of PayPal stablecoin is unlikely
The launch of the PayPal USD stablecoin will increase the efficiency of payments and improve the customer experience, but the adoption of the asset is unlikely to be widespread, analysts at Bank of America said. “Long term, we expect PYUSD to face additional adoption challenges as competition from central bank digital currencies (CBDCs) and high-yielding stablecoins intensifies,” the analysts wrote. It doesn’t matter to investors which stablecoins to hold as long as the assets are…
