The possible rise of PYUSD (which is a white-label Paxful) stablecoin should be seen in the light of the demise of BinanceUSD, another white-label Paxful stablecoin.
Also, they already have a stable coin, namely the USD itself, so why add this fad? The only useful addition to customers would be to add stablecoins that are not their own but coming from independent or even decentralised sources because this would increase users' trust and privacy.
This stablecoin does the opposite for users. But I guess seeing the $1.48 billion quarterly profit that Tether is making attracts this kind of business model.
Also, they already have a stable coin, namely the USD itself, so why add this fad? The only useful addition to customers would be to add stablecoins that are not their own but coming from independent or even decentralised sources because this would increase users' trust and privacy.
This stablecoin does the opposite for users. But I guess seeing the $1.48 billion quarterly profit that Tether is making attracts this kind of business model.