Data: Paxos is still holding over 90% of the PYUSD supply

ChainCatcher message, blockchain analytics company Nansen's data shows that Paxos is still holding over 90% of the PYUSD supply, with only a small number of users using and holding PYUSD in self-custody wallets. Nansen stated, "smart money" holders seem to be avoiding stablecoins, while the supply held by exchanges like Kraken, Gate.io, and Crypto.com is just slightly above 7%. There are fewer than 10 non-contract or exchange holders with balances over $1,000.