PayPal’s PYUSD stablecoin supply doubles to $2.5b in a month
PayPal’s PYUSD supply has surged 113% month-over-month, hitting an all-time high of $2.54 billion.
- PayPal’s PYUSD stablecoin doubled its circulating supply, reaching $2.54 billion
- Over the past month, the token’s supply surged 113%
- USDT and USDC still dwarf all other stablecoins combined
PayPal’s stablecoin PYUSD has broken out of its quiet launch phase. On Friday, Oct. 3, the stablecoin reached an all-time high in circulating supply at $2.54 billion. Over the past month, this figure rose 113%. At the same time:
PayPal’s PYUSD outstanding supply and stablecoin transfer volume | Source: Token Terminal
A circulating supply of $2.54 billion puts PYUSD in seventh place among stablecoins, behind USDe, USDS, DAI, and USD1. Much of that supply, specifically $1.84 billion, is on Ethereum (ETH) . At the same time, $624 million worth of PYUSD is on Solana (SOL) .
PYUSD transfer volume peaked at $2 billion daily on Sept. 26, according to data from Token Terminal. So far, the stablecoin has facilitated almost $60 billion in total transfers. PYUSD has also reached a milestone of 40,000 holders, a figure that has risen consistently since January 2025.
Still, giants Tether and USDC continue to dominate the market, with $176 billion and $75.9 billion in circulating supply. Together, they account for almost 85% of all circulating supply. PYUSD itself accounts for 0.84% of the stablecoin market.
PYUSD stablecoin is taking off
At launch, many called the PYUSD stablecoin a “nothing burger” , citing its limited reach beyond the PayPal and Venmo ecosystem. Still, the firm has worked on decentralizing PYUSD, enabling users to send to external wallets and holding it non-custodially.
PYUSD’s all-time high coincided with the stablecoin market cap breaking the total value of $300 billion. U.S.-denominated stablecoins lead the charge, with USDC growing rapidly. What is more, the monthly stablecoin transfer volume reached $3.27 trillion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Chainlink's cross-chain bridges drive a $35 billion boom in tokenized finance
- Grayscale files to convert its $29M Chainlink Trust into a staking-enabled ETF (GLNK), positioning LINK as crypto infrastructure. - Chainlink's CCIP bridges traditional finance and blockchain via cross-chain interoperability, recently collaborating with J.P. Morgan and Ondo Finance. - The tokenized assets market is projected to grow to $35B, with Chainlink addressing compliance and data transfer challenges in decentralized finance. - Strategic integrations with S&P Global and Bittensor's AI networks high
Bitcoin Updates: Trump Urges Rate Cuts While Fed Remains Cautious—Bitcoin Drops Into Bear Market
- Trump pressures Fed for aggressive rate cuts, joking about firing Bessent if rates remain high, risking policy instability. - Bitcoin enters "most bearish" phase with Bull Score at 20/100, price below $102,600 as institutional demand wanes. - Fed chair replacement process nears conclusion, with potential impacts on crypto markets and global capital flows. - India debates stablecoin regulation while Leverage Shares plans 3x crypto ETFs, reflecting volatile market dynamics. - Bitcoin's $200,000 trajectory
Fed's Change in Liquidity Fuels Debate: AI Breakthrough or Speculative Frenzy?
- The Fed's halt of QT by December 1, 2025, risks injecting trillions into AI markets, reigniting speculative concerns amid record $57B Nvidia quarterly revenue. - AI infrastructure spending surges with FEDGPU's GPU clusters and Gartner projecting $2 trillion global AI spending by 2026. - Skeptics warn of debt-driven overinvestment, citing Meta/Oracle stock declines and unproven economic returns despite "depth and breadth" of AI innovation claims. - Historical parallels to the dot-com bubble emerge as anal
XRP News Today: Grayscale’s Altcoin ETFs Transform Market Liquidity, Connecting Digital Assets with Conventional Finance
- NYSE approves Grayscale's XRP and Dogecoin ETFs for Nov 24 trading, expanding regulated crypto access in the U.S. - ETFs convert private trusts to public structures under SEC's post-shutdown regulatory clarity, targeting major altcoins. - Products charge 0.35% fees with direct asset holdings, attracting $12.7B XRP and $7.2B Dogecoin derivatives pre-launch. - Competitors like Bitwise and Franklin Templeton also launch XRP ETFs, signaling growing institutional confidence amid Bitcoin outflows. - Regulatory
Trending news
MoreCrypto prices
More
