At the time of writing, the official Paypal stablecoin PYUSD smart contract has been unveiled, and as it stands, the maximum aggregate supply amounts to 26,905,005.66 PYUSD. In spite of the existence of more than 26 million Paypal stablecoins, the contract continues to retain a substantial 92.91% of this supply. Concurrently, the Paxos Treasury wields control over 7.08% of all the PYUSD in circulation.
Paypal’s PYUSD: Unpacking the Smart Contract, ‘Freeze’ Function, and What It Means for Centralized Stablecoins
Over a day has passed since Paypal and Paxos announced the new stablecoin PYUSD and unveiled the official Github code repository and smart contract address. Before the smart contract’s publication, several bogus PYUSD tokens were created and introduced to decentralized exchange (dex) platforms. Currently, the token contract reveals roughly 26,905,005.66 PYUSD in circulation across eight wallets.
The leading two holders possess 99.99% of the supply, indicating that PYUSD
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