Ana Paula Pereira / Cointelegraph:

Nansen: ~90% of PYUSD is held in issuer Paxos Trust's wallets, indicating a “lack of demand from crypto users” for PayPal's stablecoin that launched on August 7  —  PayPal's stablecoin debut raised hopes for broader adoption and an introduction of cryptocurrencies to the masses.

Ana Paula Pereira / Cointelegraph:

Nansen: ~90% of PYUSD is held in issuer Paxos Trust's wallets, indicating a “lack of demand from crypto users” for PayPal's stablecoin that launched on August 7  —  PayPal's stablecoin debut raised hopes for broader adoption and an introduction of cryptocurrencies to the masses.

Source: TechMeme
Source Link: http://www.techmeme.com/230826/p2#a230826p2