In today's review, I will concentrate on the current situation with PYUSD. It appears that there was a lot of talk about this stablecoin during its launch, but it quickly faded into the background. Currently, there are only 46 unique holders of PYUSD, which is remarkably low for a stablecoin, particularly when considering the vast user base of PayPal. Similarly, the number of transactions involving PYUSD is also low. On average, there are only around 3-7 transactions per day for the entire stablecoin, which is a low number.
However, this data doesn't surprise me, given that PYUSD is centralized and lacks distinctive utility. In the absence of a compelling reason, there's little incentive for individuals to use PYUSD over established and reputable options like USDT—unless they're specifically using PayPal. Consequently, these statistics are reflective of PayPal's current state. It's possible that introducing additional features to encourage PYUSD usage could improve its adoption, but as it stands, I can only rate it 3 stars. Show Less
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