Viewpoint: PYUSD will benefit Ethereum's revenue, but it does not decentralize.

Odaily News: Some people believe that the issuance of PayPal's USD stablecoin (PYUSD) will bring in a large number of new users to Ethereum. However, some users have raised doubts, and several auditors have pointed out that the token contract code includes features such as freezing and unfreezing funds, which are typical examples of centralization. Sarah Hodder, a digital asset lawyer, believes that many of PYUSD's characteristics resemble a scrutinized central bank digital currency. An auditor also stated that the smart contract of PYUSD can be modified by PayPal at any time. (Source: Cointelegraph)