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Sep 21, 2023Liked by David G.W. Birch

You note the muted response to the new stablecoin. Looking at their dramatically flattened user numbers (https://www.statista.com/statistics/218493/paypals-total-active-registered-accounts-from-2010/) and thinking about the timing of that, I wonder if people aren’t interested in the new offering precisely because “PayPal is [still] able to cancel accounts, block transactions and so on”.

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