Is PayPal’s PYUSD Stablecoin By Paxos Good, Bad Or Ugly For Crypto Industry?

The launch of PayPal USD (PYUSD) by PayPal and Paxos is welcomed by the crypto community amid traditional finance firms’ entry into the industry. However, decentralization principle of the crypto community took a hit as Paxos can suspend PYUSD’s authorization and transfer functions, as well as freeze or seize assets in security threat cases. PayPal

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