For the U.S. dollar stable currency PYUSD issued by PayPal, some people believe that it will introduce a large number of new users to Ethereum.
However, some users have issued doubts, and several auditors said that the PYUSD token contract code includes the functions of freezing funds and removing frozen funds.
It is a typical case of centralization. Sarah Hodder, a digital asset lawyer, believes that many characteristics of PYUSD are similar to a central bank digital currency under scrutiny.
Another auditor said that PYUSD’s smart contract could be changed by PayPal at any time.