PYUSD's recent entry into onchain activities has been met with minimal initial engagement. Despite the backing of PayPal's prominent name, the numbers so far indicate a restrained response.
Since its launch around five days ago, PYUSD has seen just 17 holders and 191 transfers (including the minting of PYUSD). Given PayPal's reputation and reach, these figures might be seen as somewhat underwhelming. The slow uptake could raise questions, particularly when contrasted with the fast pace often associated with cryptocurrency launches. It's worth noting that among the 17 holders, there's a possibility that some are PayPal employees or part of the PYUSD development team.
Overall, the coming weeks will likely provide more insight into whether PYUSD gains broader traction in the cryptocurrency community. Let's see how it goes from here. Show Less
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