🚨🚨PayPal's stablecoin surpasses $500 million market cap following Solana🧐🧐 expansion
PayPal’s U.S. dollar-pegged stablecoin, launched in August 2023 through a partnership with custodian firm Paxos — has seen its market supply exceed half a billion tokens. Following its rollout, PYUSD’s supply reached 230 million by the end of 2023.
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Since then, the total supply of stablecoins has more than doubled, surpassing the 500 million mark (or $500 million) this month, according to DeFiLlama data.
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