- Crypto influencer warns of risks in PayPal’s PYUSD: “Did you really think $PYUSD stablecoin would allow you to freely transact?”
- $2,500 penalty for content censorship linked to PYUSD highlighted.
- Another user reminded of PayPal’s terms of service enabling the platform to seize funds based on users’ speech.
In a recent statement, prominent crypto influencer CryptoWendy has drawn attention to the potential risks associated with PayPal’s newly launched stablecoin, Paypal USD (PYUSD). Drawing attention to a video she produced back in 2022 when PayPal (NASDAQ:PYPL) first introduced their $2,500 penalty for content censorship, CryptoWendy posted a thought-provoking question: “Did you really think $PYUSD stablecoin would allow you to freely transact?”
Hmm. Source? Genuinely curious here. I’ve never seen ability to take my funds from any institution I’ve banked with. Never seen a “bad speech fee” for example. I know some have had their accounts closed, but they retain the funds.— rocknet.eth