The Market Capitalization of PayPal's Stablecoin PYUSD Surpasses $612 Million
Publication Time:2024-08-02 10:56:05
According to the latest data, the market capitalization of PayPal's stablecoin PYUSD has reached $612 million. This achievement marks continuous growth and increased market recognition for PYUSD in the cryptocurrency sector. It is noteworthy that the supply of PYUSD has seen significant growth over the past month, increasing by 23.2%. This growth trend mainly stems from PayPal's expansion of PYUSD to the Solana network in May. With the integration of the Solana network, approximately 259 million PYUSD tokens are now issued on this platform, further driving the growth of the PYUSD market capitalization.
PYUSD
PayPal
stablecoin
Market Capitalization