The idea is great although, having all the regulators that the current paypal system has behind is surely a problem.
Remembering past cases such as Libra / Diem, there was a lot of scrutiny from regulators and governments to the creation of that stablecoin
maybe a case like diem to come, diem 2.0???
Yes, government will be a problem and will impose heavy regulations. Yes I think they should create different decentralized entity. But I doubt it will last long.
PS- Thanks for follow, Appreciated !!