Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

PayPal's PYUSD supply surges, market cap exceeds $3.8 billion in just a few months

robot
Abstract generation in progress

According to data from DeFiLlama, the supply of PYUSD stablecoin issued by PayPal has been experiencing explosive growth in recent months. Since September, the market capitalization of PYUSD has surged from around $1.2 billion to over $3.8 billion at present, more than tripling in a short period of time. This rapid expansion indicates the increasing acceptance of PYUSD by users and institutions within the digital financial ecosystem.

Currently, PYUSD has risen to become the sixth-largest stablecoin in the global market. Notably, in just the past 30 days, PYUSD has recorded growth of more than 36%, reflecting strong capital inflows into this stablecoin as well as growing confidence in cryptocurrency products backed by traditional financial corporations.

PYUSD0.01%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)