PayPal’s stablecoin PYUSD supply exceeds 500 million
The total market supply of PayPal's stablecoin PYUSD, which is pegged to the US dollar, has exceeded 500 million. In just the past month, the supply of the stablecoin has increased from 270 million to over 533 million. It is reported that the growth in supply of PYUSD is due to its expansion to the Solana network in May.
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