PayPal’s new stablecoin received strong criticism from Maxine Waters, the top Democrat on the House Financial Services Committee. She stated that PayPal launched the stablecoin while there aren’t clear US regulations for stablecoins in cryptocurrency. Waters said in a statement, “I am deeply concerned that PayPal has chosen to launch its own stablecoin while there The post PayPal’s Stablecoin Is Harshly Criticized by Top Democrats appeared first on Coin Edition .