Tether Co-Founder Sizes Up PayPal’s Stablecoin Ambitions

Tether Co-Founder Sizes Up PayPal’s Stablecoin Ambitions


Tether co-founder Quigley says PayPal’s stablecoin ambitions are driven largely by potential savings on trillions of dollars worth of multicurrency transactions. When he helped found Tether, Quigley, who also invested in PayPal, thought of it as “a charitable contribution to the open-source blockchain community.”

William Quigley, one of the co-founders of Tether, said that while he believes privately issued stablecoins are “a benefit to society in every respect,” the recent arrival of PayPal’s PYUSD token is unlikely to bring much innovation.

“I don’t think much innovation will come from PayPal,” Quigley said in an interview with CoinDesk. “I think PayPal will see

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