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Paypal PYUSD’s Records Massive Growth, Becomes The Sixth Largest Stablecoin!

CryptoExpert by CryptoExpert
August 17, 2024
in Finance
0
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Author: Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

Aug 17, 2024 15:44

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Paypal USD (PYUSD) has grown heavily over the last few days, becoming the sixth-largest stablecoin. It entered the market in August 2023 and immediately grabbed everyone’s attention. It has been part of the top 10 stablecoin category, bringing 500,000 transactions to the network. Moreover, in a new milestone, its supply grew by $140.9M in 10 Days, making it the sixth-largest dollar-pegged token. On August 6, this token market valuation was around $651 million, which has now grown to over  $791.6 million on August 17.

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