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 (Ana Paula Pereira/Cointelegraph)

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.

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