Thursday, November 21, 2024
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PayPal’s PYUSD Stablecoin Is Laden With Centralization Concerns

Speaking of security, we can’t ignore the stablecoin’s blacklist function. To be clear, other leading stablecoins, such as Circle’s USDC and Tether’s USDT, use a built-in blacklisting mechanism to combat hackers and criminals from accessing them. Using a blacklist is practically an industry standard.

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