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Coin Edition 2023-08-10 06:25:21

PayPal’s New PYUSD Stablecoin Raises Centralization Concerns

PayPal’s recently unveiled PYUSD stablecoin has raised concerns regarding centralization from the crypto community. Several people have taken to X (formerly Twitter) to highlight controversial elements like PayPal’s ability to pause any stablecoin transfers and freeze its users’ addresses. Crypto influencer Altcoin Daily posted a video on YouTube earlier today to highlight the concerning elements The post PayPal’s New PYUSD Stablecoin Raises Centralization Concerns appeared first on Coin Edition .

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