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PayPal’s stablecoin PYUSD market value exceeds $500 million

BlockBeats reported that on July 9, the market value of PayPal's stablecoin PYUSD exceeded $500 million. In the past month, the supply of PYUSD has increased by 97%, from 270 million on June 26 to 533 million now. This makes PayPal one of the top ten stablecoin issuers, while Tether USD leads with a supply of more than 112 billion.

The surge in PYUSD's growth came after it expanded to the Solana network in May, and approximately 134.5 million PYUSD tokens have been issued on Solana.

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PayPal's stablecoin is expected to lead the cryptocurrency industry towards the mainstream.

PayPal has launched a USD stablecoin called PYUSD, which can be used for transfers and payments.

Customers will be able to transfer PYUSD between PayPal and compatible external wallets, and use PYUSD for peer-to-peer payments.

PYUSD has jumped to become the sixth largest stablecoin. Why has its scale increased more than 2 times in the past three months?

PayPal launches stablecoin, providing a compliant entry point for 430 million people into the crypto industry.

Despite having ventured into the cryptocurrency industry in recent years, the launch of PayPal's stablecoin is undoubtedly a significant milestone in the development of cryptocurrency.

In addition to PayPal, what other projects are spending money?

During the market dormancy period, use APY to cheer yourself up.

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