This will be a great way to help earn trust and respect from many people using PayPal frequently for their businesses, but have had little or no interaction with blockchain investments.

Paypal offers a unique position as a popular global service. They are a major online money transfer service and a banking service.

Will people choose a centralized bank's crypto currency, when there are better decentralized versions offering better rates of return? Some yes, some no, no doubt.

As long as they demonstrate reliable trust in their blockchain currency as more people are introduced to this concept as the new normal within banking, I think this could be a big boost to the economy of all cryptocurrencies. PayPal will make it easier for so many people to buy, sell, receive, and earn multiple currencies.

Had there ever been a famous stablecoin that later turned out to be too shaky to reliably be considered stable, and lost trust and value? From what little I know, they usually seem to always increase in reliability, as adoption grows.