This is certainly an interesting honor
US, it seems so, but it is also possible that regulatory intervention is yet to come, as it is td {border: 1px solid #cccccc;}br {mso-data-placement:same-cell;}Chinese American Phone Number List usually delayed, although even this is gradually getting shorter and shorter.PayPal claims its stablecoin is backed by dollar deposits and short-term US government bonds. So far, not much difference compared to the biggest stablecoin today, which is none other than Tether . The latter, despite historically proving to be probably the safest stablecoin on the market, is constantly confronted with proving where its reserves actually lie.Ethereum? It's good idea?Another point is the choice of an ERC- token on the ethereum network as the underlying form of stablecoin. T for Ethereum itself. Ethereum, although not its original purpose, is becoming the monetary layer of the Internet - but is it a good idea? The combination of the outdated standard in the form of ERC- and the relatively stuck ethereum blockchain we are talking about the mainnet of the network, not rollups could make stablecoin transactions quite expensive due to high "gas" fees.
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The problem will be especially striking if the project catches on and there are attempts to use it massively. At the same time, the effect will be feedback - the more the token is used, the higher the fees will be in the ethereum network, and thus also the more expensive transactions with the stablecoin.What is PayPal's stablecoin actually good for?Functionally, the stablecoin allows what people can.
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