PayPal, Plasma & Polkadot Drive Next Wave of Stablecoin Innovation

PayPal, Plasma, and Polkadot’s Hydration protocol have each launched new stablecoin initiatives targeting different sectors of finance, from consumer access and financial inclusion to DeFi stability and global payment integration. These efforts highlight the growing role of stablecoins in mainstream finance, with PayPal expanding PYUSD payments, Plasma focusing on neobank services, and Hydration introducing HOLLAR, a decentralized, overcollateralized stablecoin within Polkadot’s ecosystem.