Is PayPal's PYUSD Stablecoin By Paxos Good, Bad Or Ugly For Crypto Industry?
PayPal USD (PYUSD) Gets Mixed Reactions From Crypto Industry PayPal USD (PYUSD) stablecoin issued by Paxos has centralization and security issues, according to its GitHub account. Paxos can suspend authorization and transfer functions for PYUSD in the event of serious security threat. Paxos can also freeze or seize the assets of anyone when required by the government agencies or departments. The AssetProtectionRole function allows the firm to freeze or wipe balance of any account. advertisement The new Paypal USD stablecoin has an "assetProtection" role which can wipe your balance in two transactions (first `freeze`, then `wipeFrozenAddress`) In smart contract security we call this a "centralisation attack vector" pic.twitter.com/RsmqvsnKvi — pashov (@pashovkrum) August 7, 2023 Recommended Articles Crypto Presale Projects For 2023 To Invest; Upd...