Cautious Distribution Patterns Emerge for PYUSD, PayPal's New Stablecoin.
28 Aug 2023, 15:51
Cautious Distribution Patterns Emerge for PYUSD, PayPal's New Stablecoin
The predominant part - more than 90% - of all issued PayPal PYUSD steiblcoin still remains on the balance sheet of Paxos, the company responsible for its issuance. This is the information disclosed by researchers from Nansen in their report.
According to this report, only an insignificant 7% of the total coin mass is held on the wallets of users tied to cryptocurrency exchange platforms - Kraken, Gate.io and Crypto.com. Specialists from attribute the low interest in the asset to the fact that PayPal targets a different segment of users.
A dozen PYUSD holders, excluding smart contracts and exchanges, have balances above $1000 in this stablecoin. The largest volume of PYUSD in this category is held by one person with a value of about $10,000; he acquired this token after selling three different meme coins.
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28 Aug 2023, 15:53
Cautious Distribution Patterns Emerge for PYUSD, PayPal's New Stablecoin
The predominant part - more than 90% - of all issued PayPal PYUSD steiblcoin still remains on the balance sheet of Paxos.
Read more:
#fuji_news #fuji_crypto
Cautious Distribution Patterns Emerge for PYUSD, PayPal's New Stablecoin.
Cautious Distribution Patterns Emerge for PYUSD, PayPal's New Stablecoin
The predominant part - more than 90% - of all issued PayPal PYUSD steiblcoin still remains on the balance sheet of Paxos.
Read more: https://t.co/YHSWyyXaeK
#fuji_news #fuji_crypto