Nansen, a sort of Bloomberg for cryptos, did some research and found that the Stablecoin received little interest from investors and users:
PayPal's new stablecoin facing sluggish demand from crypto users, Nansen saysMain finding by Nansen:
- Paxos still custodying more than 90% of PYUSD supply.
- Less than ten holders that aren't contracts or exchanges have balances of more than $1,000.
- The top holder in that category has less than $10,000 and bought the token after selling three different memecoins
I thought we could have been in a better scenario at launch, but the race for adoption is a very long one.
