PayPal initially paused the development of their stablecoin due to regulatory scrutiny. "I think that it's exciting to see us move past where we were for the industry over the last six or nine or 12 months into, I think, a new phase," says Charles Macman Free.
Bloomberg News White House Correspondent Jordan Fabian and Bloomberg Economics Chief Economist Tom Orlik discuss economic relations between the US and China and President Joe Biden blasting China’s economic problems as a “ticking time bomb.” Paxos CEO Charles Cascarilla talks about creating a stablecoin partnership with PayPal. Kathryn Minshew, CEO of The Muse, explains the trend of “Lazy Girl Jobs.” Bloomberg Businessweek Editor Joel Weber and Businessweek Special Projects Editor Reyhan Harmanci share stories from the Bloomberg Businessweek Out of Office Special Issue. And we Drive to the Close with Dana D’Auria, Co-CIO of Envestnet PMC.
Hosts: Carol Massar and Jess Menton. Producer: Paul Brennan.
See omnystudio.com/listener for privacy information.