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PayPal Pauses Stablecoin Work Amid Regulatory Scrutiny of Crypto

(Bloomberg) -- PayPal Holdings Inc. is pausing work on its stablecoin as regulators increase scrutiny of cryptocurrencies and a key partner in the project faces a probe by the New York State Department of Financial Services.Most Read from BloombergRussia

(Bloomberg) -- PayPal Holdings Inc. is pausing work on its stablecoin as regulators increase scrutiny of cryptocurrencies and a key partner in the project faces a probe by the New York State Department of Financial Services.Most Read from BloombergRussia Blames US for Nord Stream Blasts, Threatens ConsequencesChina Balloon Had Western-Made Parts With English Writing, Lawmakers ToldCommodity Trader Trafigura Faces $577 Million Loss After Uncovering Nickel FraudUS Takes Custody of Venezuela Embass

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