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Navigating the Stablecoin Landscape
This chapter explores the competitive dynamics of stablecoins, particularly PayPal's USD stablecoin versus USDC's established position. It discusses the implications of interoperability, the potential impact on the financial ecosystem, and contrasts the philosophical approaches toward stablecoins and CBDCs. The conversation predicts significant growth opportunities for stablecoins while emphasizing the importance of private sector innovation in shaping the future of digital currencies.