This is a very sad reality that almost all the big companies including the government institutions will never think of the general public and theirBTC focus is on how to keep the public under control and for this they can take every measure and go to extreme immorality.
I was reading a tweet where the Paypal stablecoin has a code where they can freeze the money at any time and the wallet holder will not be able to use his coins.
You just cannot trust these stablecoins or altcoins, as most of them are made, not to give us financial freedom but for their own benefit.
Only Bitcoin is the one on which we can trust.
When I first encounter the news of Paypal going digital, I knew it they are going to come with a comma, nothing special, more like the normal USDs we already have in circulation, the little difference they are offering is, they want to tap into the revenue other stablecoins are milking from the users. Right from day 1, I think Paypal has anti-freeze policy and payment can be reversed at any given time, I see how they have damage businesses by reversing the transaction of a client when they complain of unsatisfaction which is very wrong in all ramifications.
If you can't verify, don't trust, it is as simple as that, stay away from another glorify stablecoins that can make you lose an entire wealth in a single day, they also have KYC for fighting and tracing users when they don't feel satisfy by your actions or money is been spent, I will avoid using the stablecoin. If I have opportunity to receive payment from another place, I simply request for BTC and convert it as soon as possible, no stress!
Expect always for these things to happen because as long that these things are centralized then expect that they would really be getting in line with government rules and regulations on which they wont really be
trying out to oppose via sticking out on whats the current trend specially on decentralization on which it is really that a main opponent if we do speak about the government. We do know that it isnt something
that new or shocking that they would be making their own stablecoin knowing and seeing on whats happening around on which there's still who do really have able to make use of these stable coins
and since they dont really like for them to miss out the bandwagon then its not shocking that they would really be making their own.
About reversible transactions and could have potentially be able to lock up or prohibit transactions on a particular fund or coin? This isnt a shocking news anymore which its normal that they would
be imposing up that kind of control just like on those typical operations that they do have.