Quote from: taufik123 on September 15, 2023, 11:27:12 PM

Quote from: serjent05 on September 14, 2023, 10:42:39 PM

I'd rather avoid the use of Paypal stablecoin. Since there are already stablecoins in the market. I do not know but I am a bit skeptical about using the Paypal stablecoin probably because of the previous bad news about PayPal freezing its customer funds. Aside from that using USDT, BUSD or USDC is convenient for me since I do not have to worry about since I have been using them for years now.
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Quite a basic concern, I am also skeptical about using Paypal even though Paypal now has PYUSD which is PayPal's stablecoin. it is better to replace existing stablecoins without the possibility of being frozen.

Paypal's stablecoin also uses the Ethereum network, but Ethereum transaction fees will also be more expensive when the gas fee goes up and there are many networks that have cheaper gas fees.
So it's not good enough for my use because of the transaction fees.

People who have been using other stablecoins for a long time wouldn't really like using their stablecoin even more after knowing that they have the ability to freeze any user's balance at any given time if they want to which makes it extremely centralized and no one would really want that. I would rather use a centralized exchange and an already trusted stablecoin for buying or selling cryptocurrencies than use Paypal and its centralized stablecoin.

I find their stablecoin being just like a CBDC which is completely centralized, they track your transactions, they know your wallet balance and how much money you hold in their stablecoin, they can even freeze or confiscate your funds, and I've never been a fan of this much centralization and cryptocurrency is not for this.