Do we want to have a PYUSD-like stablecoin on Cardano?

PayPal plans to launch its own PYUSD stablecoin on Ethereum. The question arises why there are no USD-backed stablecoins in the Cardano ecosystem and under what conditions is this acceptable to the community. Stablecoins issued by regulated institutions come with properties that contradict the principles of decentralization. Come explore the differences in the architecture of Cardano and Ethereum to understand the difference between tokens issued via smart contracts and native tokens on Cardano.

This article was prepared by Cardanians with support from Cexplorer.

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