PayPal’s PYUSD Stablecoin Market Cap Surges Past $4 Billion

The U.S. dollar-pegged PYUSD stablecoin has grown roughly 700% year-on-year, signaling a sharp rise in adoption and usage.

PYUSD

56d ago

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Terms & Concepts

Stablecoin: A cryptocurrency pegged to the value of a stable asset, such as the U.S. dollar, to reduce volatility.
PYUSD: A U.S. dollar-pegged stablecoin issued by PayPal, enabling blockchain-based payments and transfers.
Market capitalization: The total market value of a cryptocurrency, calculated by multiplying its current price by the total circulating supply.