PYUSD has played a role in recent growth
Market Growth: The stablecoin market has seen significant expansion recently, with PYUSD being a major contributor in the past month. News sources report growth of over $344 million in a week, with PYUSD itself growing over 40% in that timeframe.
PYUSD Isn't the Only Player: It's important to remember that established stablecoins like Tether (USDT) and USD Coin (USDC) still dominate the market. PYUSD is a newcomer but shows promise.
So, PYUSD has definitely contributed to the stablecoin market's recent growth, but it's not the sole supporter. The market is still dominated by larger players, with PYUSD being a significant new addition.
