I don't know why anyone would trust PayPal when it comes to crypto. Here are 2 reasons why I would never use PYUSD.
You can "buy" crypto on the their platform, but you cannot transfer it to your own wallet. Therefore you do not actually own it. They might not even have it, for all we know. How do we know that this offering isn't equally dubious?
PayPal processes transactions in USD. Real USD. So why do we need a stablecoin (fake USD) from them? Stablecoins bring more risk due to the way they are pegged and the need for them to have sufficient collateral.
On top of all that, they are launching on Ethereum, the worst smart contract platform.
This looks like a money making opportunity on the part of PayPal and not a product that's actually useful. Show Less
