Once PBaaS is on mainnet, a PBaaS coin can become a stable coin with respect to VRSC by supplying a large enough liquid reserve to limit slippage between the coin and VRSC. Any PBaaS chain using the liquid reserve option will be able to exchange its coin to Verus and back, much like the BANCOR protocol. The difference is that Verus’ implementation is governed by the blockchain consensus.

In that sense: yes, it will.

I suspect however that you would like to peg a coin to a different currency than VRSC. I imagine this could be done by continuously adapting the size of the liquid reserve, to artificially match the pegged value you’re after.