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PayPal's PYUSD Stablecoin Hits Record $3.8 Billion Market Cap
11/26/2025, 18:36
AI SUMMARY
●• PYUSD reaches all-time high market cap of $3.8 billion, up 660% YTD
●• Approximately 70% of supply ($2.7 billion) is issued on Ethereum
●• Growth signals successful penetration of fintech-issued stablecoins in the market
PayPal's stablecoin, PYUSD, has reached an all-time high market capitalization of $3.8 billion, marking a growth of approximately 660% since the start of the year. The data shows that $2.7 billion, or roughly 70% of the total supply, is currently hosted on the Ethereum network.
This rapid expansion reflects increasing adoption of regulated stablecoins issued by traditional fintech companies. The dominance of Ethereum as the hosting chain highlights the network's continued role as the primary settlement layer for major stablecoin liquidity.
The growth of PYUSD suggests a shifting landscape where major payment processors are successfully gaining market share from crypto-native incumbents. This trend points to widening acceptance of stablecoins for both trading settlement and broader payment utility.