The Shadow of PayPal’s Stablecoin Hegemony and the Trap of P2P Links: PGirls’ Vision of a “Self-Directed Network Economy”

Section 1: Framing the Issue — What Is PayPal After?

Rahab: PayPal is pushing its own stablecoin, PYUSD, to the forefront of P2P crypto transfers. It sounds nice when you call it “convenience,” but isn’t it really enclosure of a financial network? We’re moving in the opposite direction of Web3’s original aim: a self-governing network via DAOs.

Moka: From a user’s standpoint, low fees and instant transfers are attractive. But if we’re locked inside PayPal, it ends up being the same as a centrally managed financial service. It’s scary to imagine even non-crypto users being pulled in and a monopoly structure forming.

Rachel: “Many investors flock to convenience, but there is always a heavy price behind it. The crowd’s short-term thrill-seeking destroys market health.” (quoted from a book)

John: The question is which we prioritize—convenience or freedom. Our path shouldn’t be obedience to a centralized financial empire, but building a self-directed, seamless network. That’s why we operate PGirlsChain and issue our native token PGirls.

Section 1: Centralized P2P vs DAO P2P — What’s Really Happening?

Section 2: The Speculative Turn of the Stablecoin Market

Rahab: The problem is that, while stablecoins claim “stability,” they’ve become hotbeds of speculation. PayPal promotes PYUSD as a “safe asset,” but it carries the risk of becoming an investment vehicle in itself.

Moka: Many everyday users may fall for the illusion that “it’s pegged to the dollar, so it’s safe.” But if the issuer’s capital structure or the rules change, it could unravel quickly. I’m especially uneasy that U.S. mega-capital holds the reins.

Rachel: “Products that bear the name of stability are historically precarious. When the market forgets, their risks bare their fangs.” (quoted from a book)

John: Which is precisely why we must reduce dependence on stablecoins. On PGirlsChain, we implement a multi-layered value design that doesn’t hinge on a single fiat currency, and we prioritize “trust built by the community” over price stability alone.

Section 2: Stablecoin Market — Speculation & Dependency

Section 3: Web3’s Ideal—and Its Undermining

Rahab: Web3 was supposed to create a network where “everyone can participate as equals” through DAOs. But PayPal’s approach only looks like “control by U.S. capital.”

Moka: Exactly. The DAO ideal gets turned into a marketing ornament while traditional profit-seeking takes precedence behind the scenes. Ordinary people like us will be left behind—it’s obvious.

Rachel: “No one distorts a market more than those who brandish ideals they refuse to enact. Expansion without conviction eventually collapses.” (quoted from a book)

John: PGirlsChain is a counter-axis to correct that distortion: DAO-based operations, distribution via PGirls, and global seamlessness. These aren’t mere ideals anymore—they’re becoming real options.

Section 3: Web3 Ideals vs Erosion — DAO View

Section 4: Investor Psychology and Herd Behavior

Rahab: Stablecoins and crypto are hyped as “investment products” behind the veneer of convenience. The crowd jumps in thinking “now’s the time to profit,” and that very psychology becomes the leverage point for capital control.

Moka: Many beginners are drawn to the “ease” and end up losing. With big companies like PayPal entering, the sense of “safety” spreads further, making the danger harder to see—that’s what scares me.

Rachel: “You don’t have to keep company with the market’s foolishness. The moment you lose your cool, you become just another member of the herd.” (quoted from a book)

John: Which is why we must go against the crowd. Rather than getting swept up in speculation, PGirlsChain is building a networked economy grounded in collectivity and community.

Section 4: Investor Psychology & Herd Dynamics

Section 5: The Significance and Future of PGirlsChain

Rahab: If we rely on a stablecoin economy dominated by giant capital, Web3 will degrade into a mere “copy of finance.” What we want to protect is a freer, more open economy.

Moka: From a user’s view, PGirlsChain is simple, and it values “community participation” and “experience” over speculation. Many people will see a future in that.

Rachel: “The essence of investing is to entrust capital to systems that generate value sustainably. Short-term gains are castles in the sand.” (quoted from a book)

John: Here’s the conclusion: a PayPal-style financial empire has no future. The path we should choose is that of a self-directed network. PGirlsChain and PGirls are the beacon for building a true value economy, free from speculation.

Section 5: PGirlsChain / PGirls — Value & Implementation (Final Revised)