PayPal’s PYUSD stablecoin is approaching a $1 billion market cap, doubling since the start of 2025. This recovery comes amid an increasingly competitive stablecoin market, with many new entrants backed by major financial institutions.
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PYUSD’s Rise to $1 Billion Comes with a Catch: 90% Controlled by Whales
PayPal’s PYUSD stablecoin is approaching a $1 billion market cap, doubling since the start of 2025. This recovery comes amid an increasingly competitive stablecoin market, with many new entrants backed by major financial institutions.