Stablecoin

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<ul class="news-points"> 
 <li><strong>Crypto influencer warns of risks in PayPal’s PYUSD: “Did you really think $PYUSD stablecoin would allow you to freely transact?”</strong></li> 
 <li><strong>$2,500 penalty for content censorship linked to PYUSD highlighted.</strong></li> 
 <li><strong>Another user reminded of PayPal’s terms of service enabling the platform to seize funds based on users’ speech.</strong></li> 
</ul> 
<p>In a recent statement, prominent crypto influencer CryptoWendy has drawn attention to the potential risks associated with <a href="https://coinedition.com/paypal-launches-paypalusd-stablecoin-announces-giveaway/" rel="noopener noreferrer nofollow">PayPal’s newly launched stablecoin, Paypal USD (PYUSD)</a>. Drawing attention to a video she produced back in 2022 when PayPal first introduced their $2,500 penalty for content censorship, CryptoWendy posted a thought-provoking question: “Did you really think $PYUSD stablecoin would allow you to freely transact?”</p> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr">Hmm. Source? Genuinely curious here. I’ve never seen ability to take my funds from any institution I’ve banked with. Never seen a “bad speech fee” for example. I know some have had their accounts closed, but they retain the funds.</p>— rocknet.eth 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f987.png" alt="🦇" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
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   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6e1.png" alt="🛡" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@rocknet_eth) <a href="https://twitter.com/rocknet_eth/status/1688705187144138752?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 8, 2023</a> 
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<p>CryptoWendy’s remarks come as a stark reminder of the looming risks within PayPal’s stablecoin ecosystem. She has highlighted the fine o…</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/crypto-experts-raise-flags-is-paypals-pyusd-stablecoin-truly-trustworthy/">Crypto Experts Raise Flags: Is PayPal’s PYUSD Stablecoin Truly Trustworthy?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Crypto Experts Raise Flags: Is PayPal’s PYUSD Stablecoin Truly Trustworthy?

Coin Edition

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