PayPal’s PYUSD Fails To Capture Interest: 90% Of Supply Remains In Paxos’ Wallet
Paypal’s Ethereum-based stablecoin PYUSD has failed to capture crypto investors’ interest. According to data from Nansen, 90% of the stablecoin’s total supply still remains with its issuer Paxos’ wallet. Paypal’s PYUSD Adoption Setback The payment giant Paypal’s recently launched stablecoin PYUSD continues to struggle with adoption and has failed to gain traction since its official launch on August 7, 2023. Despite PayPal having over 350 million users worldwide, on-chain data from Nansen has shown that only a small percentage of its user base is....
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