PayPal’s PYUSD Stablecoin Supply Hits $2.54B, Up 113% in a Month

PYUSD has reached the seventh spot among stablecoins, moving nearly $2B daily as its circulating supply hits a record high.

PYUSD

Summary

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Terms & Concepts
  • Stablecoin: A cryptocurrency designed to maintain a stable value by pegging it to a reserve asset such as the U.S. dollar.
  • PYUSD: PayPal’s U.S. dollar-pegged stablecoin, used for digital transactions and blockchain-based payments.
  • Circulating Supply: The total number of coins or tokens currently available and held by the public, excluding locked or reserved amounts.