[kodapoda]

The only future for that I can think of is state or large institution owned stablecoins. But that is so far removed from absolutely everything crypto and web3 promised, I wouldn't even put that in the same category. No public ledger, not decentralized, not an alternative to banking, etc. I still don't understand the difference between having $10 in PayPal vs having 10$ in PYUSD.

[justapassenger]

It’s much easier for the owner of PYUSD to inflate their assets and be insolvent without customers knowing about it. That’s it.