Whale Alert monitoring shows Paxos minted over 100 million PYUSD on Ethereum, underscoring active issuance of USD-pegged stablecoins on decentralized networks.
Paxos minted 100,000,005 PYUSD tokens on the Ethereum network at 23:29 Beijing time on November 10, according to Whale Alert tracking data. The issuance, valued at roughly $100 million, reinforces Paxos’s ongoing role in stablecoin production. PYUSD is pegged to the U.S. dollar and serves as a stable transactional asset within the Ethereum ecosystem.