By DuPage Policy Journal Report |
Aug 18, 2023
On August 14, U.S. Congressman Sean Casten (IL-06) sent a letter to PayPal following the announcement of their new stablecoin, PayPal USD. In the letter, Rep. Casten asks questions seeking clarification on how PayPal and Paxos intend to issue the stablecoin while avoiding the mistakes of previous failed stablecoins, prioritizing consumer protections, and safeguarding our financial system.