pyusd

Eric Trump, the second son of Trump, posted on the X platform that the market capitalization of USD1 has surpassed that of PayPal's stablecoin PYUSD, marking an important milestone for USD1. This is not just about cryptocurrency; it's about building the future of global currency.According to the screenshot he shared, the market capitalization of USD1 has reached $4.54 billion, while the market capitalization of PYUSD is $3.69 billion.

Paxos has achieved significant growth over the past year, with total asset value soaring from $1.2 billion in January 2025 to the current $6.8 billion, an increase of over 450%.According to TokenTerminal data, the PayPal stablecoin PYUSD issued by Paxos contributed over 50% of the growth, rising from approximately $500 million in January 2025 to the current $3.6 billion. Paxos gold token PAXG also performed strongly, benefiting from a surge in gold prices in 2025, with its market value increasing from $500 million to the current $1.8 billion. PAXG has risen 72% over the past year, with newly minted tokens and price increases driving its total market value higher.

According to Cryptopolitan, payment giant PayPal has announced that its stablecoin PYUSD will collaborate with the Web3 protocol USD.AI to provide funding support for artificial intelligence (AI) companies. USD.AI will utilize PYUSD to offer credit and financing services related to GPUs and data centers for AI companies.The two parties intend to combine commonly used payment frameworks with programmable settlements to facilitate long-term credit, leasing, and upcoming agent-driven transactions. The two companies have also committed to offering a 4.5% interest rate on deposits totaling up to $1 billion as part of a customer incentive program to attract more clients. This incentive program will launch in early January and last for one year.

According to the official announcement from Stable, the USD stablecoin PYUSD issued by PayPal is now officially live on the Stable mainnet.

According to Fortune, YouTube has launched a new feature for creators in the U.S. to receive stablecoin payments via PayPal. May Zabaneh, head of cryptocurrency at PayPal, confirmed that creators can now choose to receive platform revenue shares in the form of PayPal stablecoin PYUSD, a feature currently available only to U.S. users.YouTube has previously been a client of PayPal's payment services, using it to provide payments for gig workers and contractors for large enterprises. At the beginning of the third quarter this year, PayPal added the option to receive payments in PYUSD for its payees, after which YouTube decided to offer this option to creators.Zabaneh stated, "The advantage we built is that YouTube does not need to directly engage with cryptocurrency; we help eliminate that complexity." This move reflects the growing interest of large tech companies in stablecoins.

According to DL News, the circulation of PayPal's stablecoin PYUSD has surged by 224% since September, surpassing $3.8 billion, making it the sixth largest stablecoin.The DeFi protocol Ethena has become the largest holder of PYUSD, holding $1.2 billion through the custodian Copper. PayPal is providing incentives on the decentralized exchange Curve Finance by partnering with liquidity management company Sentora, and subsidizing user yields for DeFi protocols.The Solana lending protocol Kamino currently offers nearly 6% annualized yield for lending PYUSD, partially subsidized by PayPal. Over the past three months, the scale of PYUSD on Solana has increased from $250 million to over $1 billion.U.S. Treasury Secretary Scott Bessen expects the stablecoin market to reach $3 trillion by 2030.

According to Cryptopolitan, the market capitalization of PayPal's PYUSD stablecoin has surged from a low of $1.2 billion in September to approximately $3.8 billion currently.In November, the supply of PYUSD increased by about 113%, and the trading volume grew by 150%, reaching 1.8 million transactions. Although PYUSD is relatively new compared to Tether's USDT and Circle's USDC, it became the second fastest-growing stablecoin in the third quarter of 2025, only behind Ethena's USDe (which grew by 173% during the same period). This growth is primarily attributed to PayPal's extensive network.

According to The Defiant, PYUSD added $625 million in circulating supply over the past week, an increase of 22%, leading the growth chart in the stablecoin market.All newly minted PYUSD flowed into the Ethereum network, raising its total supply on Ethereum to $2.38 billion. This increase comes just a month after the issuer Paxos's unexpected minting of $3 million worth of PYUSD.After last week's surge in supply, PYUSD has jumped to become the sixth largest stablecoin in the DeFi space, with a market share just over 1%. This marks PayPal's continued efforts in the stablecoin arena, and although there is still a significant gap compared to leading stablecoins like USDT and USDC, its growth rate demonstrates the strong momentum of traditional financial institutions entering the crypto market.Analysts point out that PayPal's large user base and brand influence may become key advantages for PYUSD's future expansion.

According to Whale Alert monitoring, Paxos has newly minted 100 million PYUSD stablecoins on Ethereum (approximately 100.04 million USD).

ChainCatcher news, Paxos released a stablecoin PYUSD attestation report issued by one of the "Big Four" accounting firms, KPMG, which disclosed that as of October 15, the total tokens outstanding for PYUSD rose to 2,638,336,904, setting a new historical high; the nominal value of redeemable collateral in total net assets is $2,652,728,424, exceeding the total tokens outstanding for PYUSD. It is reported that Paxos did not release a September attestation report, while the August report disclosed that the total tokens outstanding for PYUSD was 1,169,714,720, indicating that the circulation has increased by approximately 125.5% over the past two months.

ChainCatcher news, Paxos released a stablecoin PYUSD attestation report issued by one of the "Big Four" accounting firms, KPMG, which disclosed that the total tokens outstanding for PYUSD has risen to 2,638,336,904, setting a new historical high; the nominal position value of redeemable collateral in total net assets is $2,652,728,424, exceeding the total tokens outstanding for PYUSD. It is reported that Paxos did not release the September attestation report, while the August report disclosed that the total tokens outstanding for PYUSD was 1,169,714,720, indicating that the circulation has increased by approximately 125.5% over the past two months.

ChainCatcher news, according to Decrypt, Paxos CEO Charles Cascarilla stated on Wednesday at the Federal Reserve's cryptocurrency roundtable that the company accidentally minted $300 trillion worth of PayPal's stablecoin (PYUSD) due to an internal technical error and destroyed it all within 24 minutes. This amount is more than twice the global GDP.Cascarilla attempted to redefine this incident as a demonstration of the advantages of blockchain transparency, stating that it actually showcases the transparency that blockchain can provide immediately.

ChainCatcher news, Senate Banking Committee's chief Democrat Warren wrote to Treasury Secretary Basent, urging the swift implementation of the GENIUS Act and attention to its regulatory loopholes.In the letter, Warren stated that the "U.S. Stablecoin Innovation GENIUS Act" is a "light regulatory framework for crypto banks," and the Treasury must take steps to implement and enforce the law to minimize serious risks to U.S. financial stability, consumers, taxpayers, and national security. The GENIUS Act was signed into law by Trump in July, requiring stablecoins to be fully backed by U.S. dollars or similar liquid assets, mandating annual audits for issuers with a market capitalization exceeding $50 billion, and establishing guidelines for foreign issuers. Currently, major U.S. agencies are working to implement the law. One of the main concerns for Democrats is regarding stablecoins; Paxos recently accidentally minted $30 billion worth of PYUSD stablecoins due to a technical issue. Warren stated, "This incident demonstrates that operational failures can pose serious risks to issuers, market integrity, and even financial stability. The Treasury needs to explain to the public how it intends to address these risks, and if it cannot, it should clarify what authorities it needs from Congress."

ChainCatcher news, Chainlink community member Zach Rynes posted on X stating, "Paxos accidentally minted 300 trillion unsupported PYUSD tokens. The funds are currently safe; it was just an operational error, and the excess supply has been destroyed, maintaining a 1:1 peg.But this is a great example of how Chainlink's Proof of Reserve could have prevented an entire public relations nightmare. Specifically, asset issuers could integrate Chainlink PoR into the minting function of their token contracts as a verification check, which would prevent the issuance of additional tokens unless Chainlink PoR first verifies that there are sufficient off-chain reserves available to maintain 100% collateralization.This could prevent 'infinite minting attacks,' which involve minting large amounts of unsupported tokens, putting all listed tokens and the markets supporting those tokens at risk."

ChainCatcher message, on-chain data shows that Paxos has just burned the 300 trillion PYUSD that was incorrectly issued.

ChainCatcher news, Paxos officially released the attestation report for the stablecoin PYUSD for August 2025, issued by KPMG, one of the "Big Four" accounting firms. The report disclosed that the total circulation of PYUSD tokens reached 1,169,714,720 as of August 29; the nominal value of redeemable collateral in total net assets is $1,173,383,198, which is higher than the total circulation of PYUSD tokens.In addition, Paxos data also shows that as gold prices rise, its gold-backed token PAXG has surpassed a market capitalization of $1.15 billion, currently reported at $1,153,328,709, setting a new record high.

ChainCatcher news, according to Whale Alert monitoring, about 4 hours ago, Paxos minted 150 million PYUSD on Ethereum.

ChainCatcher news, according to Whale Alert monitoring, Paxos has just minted 150 million PYUSD on Ethereum.

ChainCatcher news, according to PR Newswire, the layer one blockchain network focused on stablecoins, Stable, announced that PayPal Ventures has made a strategic investment in its latest funding round, allowing users to conduct commercial and financial transactions using PayPal USD (PYUSD) on Stablechain.Stable will bridge PYUSD to its blockchain network through LayerZero integration, leveraging Stable's ultra-fast network processing speed and reduced fee structure to provide near-instant finality and an economically favorable model for commercial transactions. Both parties will also explore providing cross-chain compatibility and deposit/withdrawal functionalities for PYUSD, unlocking new use cases for stablecoins across different blockchain ecosystems.