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News Explorer — PayPal's Newly Launched PYUSD Stablecoin Has Seen Low Adoption

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Aug 28, 6:27 am
Unchained Crypto

PayPal's Newly Launched PYUSD Stablecoin Has Seen Low Adoption

PayPal's new stablecoin PYUSD has not gained much traction since its launch, with only a small number of people using and holding it in self-custody wallets. Smart money holders and centralized exchanges are also avoiding the stablecoin, with Paxos still holding 90% of its supply in custody. Additionally, there are limited ways to earn interest on PYUSD, which may contribute to the lack of enthusiasm for the token.

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