PYUSD has added a circulation supply of 625 million USD in the past week, an increase of 22%, performing exceptionally in the stablecoin market, making it the sixth largest stablecoin in DeFi. Although there is a gap compared to USDT, USDC, and others, PayPal's user base and brand influence may boost its future rise.

PANews October 28 news, according to Token Terminal data, PayPal stablecoin PYUSD's Circulating Supply on Solana has recently surged, surpassing the 1 billion USD mark for the first time.

Paxos CEO Charles Cascarilla stated at the Fed roundtable that 300 trillion PYUSD were accidentally minted due to a technical error and destroyed within 24 minutes, emphasizing that this event demonstrates the transparency of Blockchain.

Paxos accidentally minted 300 trillion uncollateralized PYUSD Tokens, causing an oversupply. Although the funds are secure and the excess Tokens have been burned, this incident highlights the necessity of Chainlink's proof of reserves, which can prevent similar minting risks.

Golden Finance reported that Paxos stated, "During the internal transfer process, excess PYUSD was erroneously minted. Paxos immediately identified the error and destroyed the excess PYUSD. This was an internal technical error, and there are no security vulnerabilities. Customer funds are safe, and we have resolved the root cause."

Odaily News On-chain data shows that Paxos has just burned the 300 trillion PYUSD that were mistakenly issued.

Gate News bot message, based on blockchain data, Paxos successfully minted 300 trillion PYUSD stablecoins on the Ethereum network. PYUSD is a stablecoin project launched in collaboration between PayPal and Paxos, and this minting was completed on the Ethereum Mainnet.

PANews reported on September 25 that PayPal has partnered with the Decentralized Finance platform Spark to jointly enhance the on-chain Liquidity of PYUSD, aiming to expand the deposit size of PYUSD from the current $100 million to $1 billion in the coming weeks. This integration allows users to deposit and borrow PYUSD, with its liquidity supported by Spark's stablecoin reserve pool of up to $8 billion. The plan provides a sustainable model for the adoption of stablecoins without the need for expensive incentives.

Gate News bot message, PayPal is strengthening its PYUSD stablecoin ecosystem by collaborating with Spark protocol to enhance liquidity. The initiative aims to channel $1 billion into PYUSD liquidity through DeFi lending mechanisms. The collaboration involves Spark Protocol, which currently holds a

PANews, September 23 - According to Whale Alert monitoring, Paxos has just minted 150 million PYUSD on Ethereum.

Jinse Finance reports that payment giant PayPal has announced that its USD stablecoin PYUSD is expanding to 9 new blockchains through the LayerZero cross-chain protocol, which are Abstract, Aptos, Avalanche, Ink, Sei, Stable, Tron, as well as the automatically integrated Berachain and Flow. Previously, PYUSD was natively issued on Ethereum, Solana, Arbitrum, and Stellar. Since its launch in 2023, the total supply of PYUSD has increased to 1.3 billion USD, aiming to accelerate entry into new markets and further consolidate its position in the encryption economy.

According to ChainCatcher news and CoinDesk reports, PayPal's stablecoin PYUSD is now officially live on the Stellar network.

ChainCatcher news, PayPal announced a new feature "PayPal Links" in 2025, allowing users to send and receive funds through personalized one-time links in any conversation. This feature is now live in the U.S. and will expand to markets like the U.K. and Italy later this month. Meanwhile, PayPal will directly integrate encryption functionalities within the app, enabling U.S. users to easily send digital assets like Bitcoin, Ether, and PYUSD. Notably, transfers between friends and family via PayPal and Venmo will continue to be exempt from 1099-K tax reporting.

BlockBeats news, on September 15, according to market news, Paypal announced the integration of Crypto Assets into its new P2P payment process, supporting Bitcoin, Ether, and PYUSD.

According to a report by Jinse Finance, the New York State Department of Financial Services (NYDFS) has issued a no-action letter to Paxos, approving its issuance of the PYUSD stablecoin on the Stellar network. PYUSD is expected to officially launch on the Stellar network by 2025.

Odaily News According to Whale Alert monitoring, about 1 minute ago, the stablecoin issuer Paxos minted 50 million PYUSD on the Ethereum blockchain.

PANews reported on July 31 that the stablecoin issuer Paxos announced on the X platform today that Visa will support USDG and PYUSD issued by Paxos in its stablecoin Settlement services.

Gate News bot message, PayPal's latest service terms update revealed its plans to expand the PYUSD stablecoin to the Arbitrum blockchain network. The updated terms of service document explicitly states that PayPal's stablecoin PYUSD, initially launched on Ethereum, is set to operate on Arbitrum, mar

Blockchain analyst Scopuly has detected unusual movements in the underlying Stellar chain, with XLM price testing a key resistance level. A breakthrough of the core level at $0.285 will trigger a strong pump trend, and Whale funds have already entered the market in advance. Stellar is benefiting from PayPal's upcoming integration of the PYUSD stablecoin and a surge in network activity. This is not just hype—fundamentals show strong rise momentum, and savvy investors may have already positioned themselves for the long term.

Today (7) during the Asian afternoon session, Stellar (XLM) rose nearly 1%, making a slight gain on top of the 5% increase on Sunday. After rebounding from the support level on Wednesday, XLM is now approaching the resistance trend line of a descending triangle pattern, driving its increase of nearly 12%. PayPal announced that PayPal USD (PYUSD) will land on the Stellar platform, and the heated discussions on social media have further fueled market optimism, with the number of open contracts for XLM surging by 10%. The technical outlook remains bullish, with positive factors continuously emerging.

According to ChainCatcher news and a report by Fortune, Mastercard has announced its participation in the stablecoin alliance Global Dollar Network initiated by institutions such as Paxos, allowing for the joint minting and sharing of interest revenue from the stablecoin USDG, which is pegged to U.S. Treasury bonds. At the same time, Mastercard will also support PayPal's PYUSD and Fiserv's FIUSD stablecoins and integrate them into Mastercard.

Gate News bot message, on June 16th, U.S. time, the stablecoin USDC issuer Circle had a strong performance on its first day of trading in the U.S. stock market. Data shows that Circle's stock price briefly reached a high of $165.60, ultimately closing at $151.06, a 434% rise from the $31 issuance price, with a market capitalization of $33.617 billion. According to statistics from the Wu Shuo team, the major global stablecoin projects include USDT, USDC, USDS (formerly DAI), USDE, USD1, FDUSD, PYUSD, XAUT, PAXG, and TUSD. The statistical content covers information such as the market capitalization, issuers, and collateral of each project.

Odaily News PayPal has announced that it has introduced its stablecoin PYUSD to Stellar for cross-border remittances and payment financing. PYUSD is already running on Ethereum and Solana. This collaboration will enable small and medium-sized enterprises facing accounts receivable latency or pre-financing requirements to access a new source of real-time operating capital. (CoinDesk)

TrueX announced the completion of a $11 million Series A funding round, led by Accomplice and RRE Ventures. The new funds will be used for asset protection, external custodian support, and more. TrueX's preferred trading token is PYUSD, and Paxos will provide custody services for users, planning to open services to US and some international institutions.

Golden Finance reported that the stablecoin native Crypto Assets exchange TrueX announced the completion of a $11 million Series A financing, led by Accomplice and RRE Ventures, with participation from Reciprocal Ventures, Variant, and payment giant PayPal. The new funds are intended to support external custodians like Paxos Custody in asset protection. Currently, TrueX uses PayPal's stablecoin PYUSD as its preferred trading Token, and Paxos provides third-party custody services for TrueX's users, with the expectation that these services will first be available to U.S. institutions and some international institutions in certain regions.

According to the Gate.io News bot, as reported by Wu, the licensed institution in Singapore, MetaComp, has officially launched the cross-border forex payment infrastructure platform StableX based on stablecoin technology. The platform provides 24/7, high-efficiency, low-cost forex services for cross-border merchants, financial institutions, payment service providers, and global enterprises. StableX currently supports two mainstream stablecoins, USDT and USDC, and plans to expand support for digital assets such as FDUSD, PYUSD, and WUSD.

According to the Gate.io News bot and Cryptonews, the U.S. Securities and Exchange Commission (SEC) has concluded its investigation into PayPal's stablecoin PYUSD and has not taken any enforcement action. According to documents disclosed by PayPal on Tuesday, the SEC's enforcement division notified the termination of the investigation in February 2025 after issuing a document subpoena in November 2023. PayPal mentioned in the document that the regulatory environment is constantly changing, and future legislation poses costs and risks for stablecoin issuers and their partners. If PYUSD is involved in illegal transactions, its issuers and partners will face legal disputes.

Gate.io News bot, according to Bloomberg, PayPal will launch the PYUSD stablecoin holding reward program in the summer of 2024. Under the program, U.S. users holding PYUSD stablecoins in PayPal and Venmo wallets earn 3.7% per year, with earnings calculated daily and distributed monthly. The PYUSD earnings obtained by users have various uses, including exchanging for fiat currency, transferring to other users, making international remittances, and making payments on the PayPal Checkout platform. Source: Wu Says

Odaily News PayPal will offer its PayPal USD (PYUSD) stablecoin to U.S. users with an annual return rate of 3.7%, with earnings accumulating daily and paid monthly. The plan is set to launch this summer and aims to increase the adoption of PYUSD. This move is reportedly one of PayPal's initiatives to enter the crypto assets space, as the company seeks to establish new payment channels in this sector. (CoinDesk)

PayPal announced the launch of the PYUSD holding rewards program, allowing US users to earn a 3.7% annual yield by holding PYUSD through PayPal and Venmo Wallets. The company aims to enhance the usage of stablecoins within the Payment Network, viewing them as a core component of future payment infrastructure.

According to the Gate.io News bot, data from Artemis shows that the supply of Ethena USDtb has risen to $1.3 billion in the past month, ranking second among stablecoins, only behind Circle USDC. The data indicates that the current supply of USDtb has surpassed the PYUSD issued by PayPal and is close to the FDUSD issued by First Digital Labs. According to reports by Wu, 90% of the reserve assets of Ethena USDtb are supported by BlackRock's BUIDL fund.

Paxos officially released the February 2025 PYUSD Transparency Report, which showed that the total amount of tokens in circulation rose significantly to about $750 million, and the market value of collateral in net assets exceeded $770 million. According to Paxos, the PYUSD token is over-collateralized to ensure stability and has a standby collateral in the event of a default. The risk of loss is low.

The main situation of the stablecoin market in February is: USDS market value increased by 64%, PYUSD increased by 49%, USDT market value reached about $143 billion (only $2.5 billion was added in February), and USDC increased by 7%. However, USDe and DAI have seen a decline in market capitalization.

PayPal plans to increase the adoption rate of PYUSD stablecoin in 2025, launch billing payment products, allow small and medium-sized merchants to choose to use PYUSD to pay suppliers, and add PYUSD as an option for global payment through Hyperwallet. This move will be launched in the first half of this year, and by the end of 2025, merchants will also be able to use CryptocurrencySettlementPayPal transactions. The CEO of PayPal stated that the concept of Block will be realized.

PANews reported on February 26th that PayPal will integrate PYUSD as a global payment option on its payment platform Hyperwallet, with implementation expected to start in the first half of this year. Hyperwallet, acquired by PayPal, is mainly used for cross-border payments and enterprise Settlement.

The circulating supply of Stable Coin has increased by $16.97 billion since early 2025, reaching approximately $211.2 billion, with some Fluctuation in growth rate. The Stable Coins involved include: USDT, USDC, USDE, DAI, FDUSD, PYUSD, TUSD, and FRAX. From mid-January to February, Liquidity expanded again, with increased short-term demand.

Paxos released the transparency report of Stable Coin PYUSD in January 2025, disclosing unaudited data related to PYUSD, including the total circulation of Token dropping to $482,747,103, the market value of collateralized US Treasury repurchase agreements protocol being around $464,985,360, the market value of collateralized cash deposits being around $28,588,701, and the market value of collateralized assets in total net assets being around $493,574,061.

PANews February 3rd news, according to on-chain transaction information, the domain name "pyusd.sol" associated with PayPal Stable Coin PYUSD has been sold for 9500

Paxos released the transparency report of PYUSD in December 2024, showing that the total circulation of Tokens decreased to $497,959,719; the total amount of US Treasury collateralized reverse repurchase protocol is about $487,993,500, with cash deposits of about $21,401,062, and the collateral in the total net assets is about $509,394,562.

Regulated Digital Bank FV Bank in the United States integrates PayPal USD, which can be directly deposited and paid, and can also be converted to USD instantly. It is the only bank in the United States that supports deposits of USDC, USDT, and PYUSD. It can pre-screen transactions related to sanctioned entities or Anti-Money Laundering activities to ensure Compliance.

ChainCatcher message, FV Bank in the United States has stated that it has integrated PayPal USD (PYUSD) for direct deposits and outgoing payments, and can be instantly converted to US dollars. FV Bank

Odaily Planet Daily News Aave announced on X platform that the additional annual 4% deposit incentive for PYUSD has taken effect. This incentive will last for 6 months, with a target deposit amount of 75 million units. If PYUSD