🚧 There isn't much demand for PayPal's new stablecoin.
According to Nansen, very few people use and store the PYUSD token in non-custodial wallets.
⏺ Less than ten addresses without contracts or exchanges have a balance greater than 1,000 PYUSD.
⏺ More than 90% of PYUSD supply is held by Paxos.
⏺ Kraken, Gate io and Crypto com exchanges hold just over 7% of the PYUSD supply.
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