PayPal’s announcement is a big deal for crypto. But what’s the business model behind this decision, and why launch a stablecoin now?

On “Carpe Consensus,” hosts Ben Schiller and Cam Thompson dive into the latest crypto news alongside CoinDesk Chief Insights Columnist David Z. Morris.

• [1:24] Inside the Desk: PayPal’s entry into the stablecoin game has wide ramifications to the crypto industry. David Z. Morris gives his first takes, analyzing what the announcement means for crypto adoption, other stablecoin issuers and privacy.
• [18:22] Cam’s Corner: Cam recaps the latest data reports from the world of NFTs, showing that although NFT trading volume is sinking, it's not stopping developers from entering Web3.

“Carpe Consensus” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl.

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