How Does the Choice of Gas Fee Token (Native Vs. Stablecoin) Influence the Native Token’s PQ?

If gas fees are paid in the native token, the total value of these fees directly contributes to the native token's PQ (transaction value), providing a direct economic utility. If fees are paid in a stablecoin, the native token's PQ is decoupled from the basic transaction activity, and its value must be derived from other sources, like governance or fee-sharing.

Protocols using stablecoins for fees often implement a buyback-and-burn of the native token to re-establish a link between network activity and token value.