As this is a stable coin, the rate of the coin will not increase more than it's pegged value. However, it may decrease drastically if the project fails.
Ever since the UST stable coin debacle, there is a lot of ambiguity in the market with regards to stable coins. With 99.99% of the overall supply split between only 2 holders and only 219 transactions in over 10 days of launch, it does not look promising for PYUSD right now.
I would like to see how PayPal is able to leverage its existing user base and drive traction and create more visibility about the cash reserves before thinking of using this stable coin for parking my funds. Show Less
