PYUSD Rises as Cross-Chain Access and New P2P Features Enhance Market Demand
Rapid Growth of PYUSD: PayPal's stablecoin, PYUSD, has seen a significant increase in market capitalization, rising from $1.28 billion in September to $3.8 billion, reflecting a 216% growth in supply and heightened user adoption across various networks.
Cross-Chain Integration Benefits: The expansion of PYUSD to platforms like Solana and Arbitrum has improved liquidity and transaction efficiency, making it more appealing for users seeking reliable and fast digital payment options.
Enhanced User Features: PayPal's new P2P feature, which allows users to send money via a one-time link, has contributed to increased usage of PYUSD, encouraging customers to hold the stablecoin for transactions.
Position in Stablecoin Rankings: As adoption continues to rise, PYUSD has advanced to become the sixth largest stablecoin by market capitalization, surpassing competitors like Ripple USD, indicating a growing preference for stablecoins backed by established payment firms.
About the author








