I first saw this stablecoin on PayPal and thought this was a perfect way to buy money and then gift cards to cash out crypto, and the fee less transactions are a big plus. This is ethereum blockchain, so fees are a major consideration.

I have been looking for a cash back cash out vehicle and if my cash back credit cards let me buy crypto this would allow me to buy money (PYUSD) earn cash back, then turn around and pay back my credit card, rinse and repeat.

I read about a guy doing this by buying Western Union Money Orders and the guy mades thousands of dollars and apparently cash back money isn't taxable.

So as long as your credit card company lets you conduct this circular trade your okay.

Apparently it isn't fraud, according to the article, because you are buying stuff and then paying back the credit card, just reaping the rewards of the cash back point.

I would be curious to learn if anyone is doing that on paypal, and if so did they ever write about ?
It seems like something I would want to keep on the down low.

But I won't try it until I find out for sure I won;t be imprisoned for making a couple thousand dollars.