Stablecoin is all about trust and transparent reserve.
They already got the trust and if they can provide transparent reserve audit, I'm sure people will use their stablecoin.

Their only concern is how to make Dex and Cex use their stablecoin because that's where the trading volume comes from.
If limited amount of cex and dex are using their coin, it will be like PYUSD, exist but still in different league compared to USDC and USDT.