{"id":83672,"date":"2023-08-28T18:04:52","date_gmt":"2023-08-28T15:04:52","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=83672"},"modified":"2025-09-12T12:36:04","modified_gmt":"2025-09-12T09:36:04","slug":"nansen-flags-weak-demand-for-paypals-pyusd","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/nansen-flags-weak-demand-for-paypals-pyusd\/","title":{"rendered":"Nansen flags weak demand for PayPal\u2019s PYUSD"},"content":{"rendered":"<p>More than 90% of the total supply of PayPal&#8217;s PYUSD stablecoin remains on the balance sheet of the issuing company Paxos. This is stated in <a href=\"https:\/\/pro.nansen.ai\/token-god-mode\/notable?token_address=0x6c3ea9036406852006290770bedfcaba0e23a0e8\">\u043e\u0442\u0447\u0435\u0442\u0435<\/a> by Nansen analysts.<\/p>\n<p>According to their data, only 7% of the coin&#8217;s supply is held in user wallets linked to exchanges Kraken, Gate.io and Crypto.com.<\/p>\n<p>Nansen attributes the low interest in the asset to PayPal targeting a different demographic.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWe are observing a lack of demand for PYUSD from cryptocurrency users when there are other alternatives,\u201d the analysts noted.<\/p>\n<\/blockquote>\n<p>Less than ten holders\u2014who are not smart contracts or exchanges\u2014hold more than $1,000 in PYUSD on their balance sheets.<\/p>\n<p>The largest holder of PYUSD in this category holds the equivalent of about $10,000; he bought the token after selling three different meme coins.<\/p>\n<p>In August, PayPal <a href=\"https:\/\/forklog.com\/en\/news\/paypal-launches-paypal-usd-stablecoin-pyusd\">announced the launch<\/a> of a USD-backed stablecoin based on the Ethereum blockchain. The issuer of the coin was the blockchain infrastructure company Paxos.<\/p>\n<p>The asset <a href=\"https:\/\/forklog.com\/en\/news\/crypto-community-weighs-paypals-stablecoin-prospects\">has elicited a controversial reaction<\/a> from participants in the crypto community. Some believed PYUSD would facilitate widespread adoption of digital assets, while others pointed to centralization risks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>More than 90% of the total supply of PayPal&#8217;s PYUSD stablecoin remains on the balance sheet of its issuing Paxos.<\/p>\n","protected":false},"author":1,"featured_media":83673,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1648,182,1481,807],"class_list":["post-83672","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-nansen","tag-paypal","tag-pyusd","tag-stablecoins"],"aioseo_notices":[],"amp_enabled":true,"views":"30","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/83672","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=83672"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/83672\/revisions"}],"predecessor-version":[{"id":83674,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/83672\/revisions\/83674"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/83673"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=83672"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=83672"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=83672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}