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PayPal’s PYUSD Stablecoin Supply Reaches Record $4.3 Billion

PayPal’s PYUSD stablecoin (crypto pegged to fiat) has reached a record supply of $4.3 billion, according to the provided update.

PYUSD

Summary

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Terms & Concepts
  • PYUSD stablecoin: PayPal’s U.S. dollar-linked crypto token designed to maintain a stable value relative to fiat currency.
  • Stablecoin: A cryptocurrency designed to track the value of an external asset, commonly a fiat currency such as the U.S. dollar.