According to the blockchain media The Block, at least four sources revealed to the media that payment giant PayPal has conducted multiple rounds of communication with some blockchain developers to discuss the possibility of launching a stablecoin. 

Participants in the discussion include the public chain project Avalanche. 

A PayPal spokesperson did not directly confirm or deny the news, saying: "As a global company working with regulators and industry partners throughout the world to shape the next generation of financial systems, the company is in frequent conversation about technologies that enable these goals."

By Mary Liu