PayPal officially announced today that it will launch PYUSD in 70 global markets, and Mastercard is also set to acquire BVNK to work on compliant payments. On the surface, this appears to be good news, but in reality, it is draining the lifeblood of the native cryptocurrency market. As everyone turns to use compliant stablecoins, the liquidity of those insignificant altcoins will only dry up faster.
