Here’s what happened in crypto today By Cointelegraph

PayPal (NASDAQ:) launched a new US dollar-backed stablecoin called PayPal USD (PYUSD) — issued by Paxos Trust Co. MakerDAO’s new crypto lending platform Spark Protocol has garnered the ire of crypto privacy adv after blocking VPN users from accessing its website. Meanwhile, Coinbase (NASDAQ:)’s chief legal officer says the United States Securities and Exchange Commission has overstepped its boundaries in suing the exchange.

American financial technology company PayPal launched a new crypto stablecoin called PayPal USD (PYUSD) — issued by Paxos Trust Co. and fully backed by United States dollar deposits, short-term Treasuries and similar cash equivalents.

Controversy as MakerDAO’s Spark Protocol blocks users with VPNs

Canadian crypto ownership declines amid tight regulations, falling prices