KAREN JOY BACUDO

Finance Editor

Payward has released new data on Australian crypto account holdings, showing institutions hold a much larger share of stablecoins than consumers.

Analysis of hundreds of thousands of Australian consumer and institutional accounts on Kraken found stablecoins made up 16.8% of institutional crypto holdings, compared with 3.6% for consumers.

The data also showed a sharp difference in portfolio composition. Bitcoin and Ethereum accounted for 63% of consumer holdings, compared with 45% for institutions.

Across consumer accounts funded at both measurement points, 86% either maintained or…