The token is down nearly 35% from its March peak of more than $4.2 billion, signaling a sharp pullback from its all-time high.
PayPal’s PYUSD stablecoin has fallen to a market capitalization of $2.74 billion, retreating nearly 35% from its all-time high of more than $4.2 billion reached in March. The drop marks a significant contraction in the token’s circulating value after earlier growth pushed it to a record level.