Comment on PayPal is Introducing a new crypto currency.
newIdentity@sh.itjust.works 10 months agoBut isn’t the point of cryptocurrencies to not be bound to a central authority?
Comment on PayPal is Introducing a new crypto currency.
newIdentity@sh.itjust.works 10 months agoBut isn’t the point of cryptocurrencies to not be bound to a central authority?
traveler01@lemdro.id 10 months ago
The stable coins are basically tokens in blockchains, for example in Ethereum there’s USDT as a token and now this one from PayPal. They work in a decentralized way but there’s a centralized entity guaranteeing that its value is pegged to the dollar.