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PayPal’s PYUSD stablecoin supply shrinks 31% from March peak to $2.92 billion

The token’s supply has fallen by more than $1 billion from its March all-time high of $4.2 billion, indicating a sharp contraction in circulation.

PYUSD

Summary

PayPal’s PYUSD stablecoin supply has dropped 31% from its March all-time high of $4.2 billion to $2.92 billion. The decline amounts to a loss of more than $1 billion in circulating supply, marking a notable pullback for the dollar-pegged token as supply contracts after its earlier peak.

Terms & Concepts
  • stablecoin: A crypto token designed to track a stable asset, usually the U.S. dollar.
  • circulating supply: The amount of a token currently issued and available in the market.
  • all-time high: The highest level an asset or metric has reached on record.