The possible rise of PYUSD (which is a white-label Paxful) stablecoin should be seen in the light of the demise of BinanceUSD, another white-label Paxful stablecoin.<p>Also, they already have a stable coin, namely the USD itself, so why add this fad? The only useful addition <i>to customers</i> would be to add stablecoins that are not their own but coming from independent or even decentralised sources because this would increase users' trust and privacy.<p>This stablecoin does the opposite for users. But I guess seeing the $1.48 <i>billion</i> quarterly profit that Tether is making attracts this kind of business model.