Compared to Western Union's USDPT stablecoin in terms of target user base, with PYUSD described as targeting digitally native users while USDPT targets corridors requiring cash-crypto coexistence and physical networks.

Added to a Curve liquidity pool paired with crvUSD (pyUSD/crvUSD gauge), with 998,000 YB tokens (approximately $117,000) deposited by Yield Basis on Votemarket to incentivize the gauge on April 13, 2026.

Maintains 24-hour trading volume in the range of $100 million to $200 million as of April 2026.

Receives marketing mention from Sei Network highlighting transaction speed on their platform.

Has allocated approximately $800M of PYUSD through Spark's liquidity orchestration layer across lending markets, liquidity venues, and yield strategies, generating an estimated $5.8M in yield at current rates.

Has $90M borrowed and deployed as collateral in Maple Finance's lending pools on Morpho as of April 2026.

Added as a borrowable asset on SparkLend with a 4.18% borrow rate against wBTC collateral.

Integrated with Stellar (XLM) for settlement operations.

Reached $390M borrowed on Morpho as of April 6, 2026, up from $212M on March 21, 2026.

Available as a borrowing option on Featherlend (Sei) at 2.25% APR, with lending rates of 8% APY.

Holds minimal volume share in on-chain transaction volume compared to USDC and USDT.

Holds approximately 9% combined market share of the stablecoin supply along with RLUSD and other stablecoins, as USDT and USDC together control roughly 91% of the market.

Enabled zero-fee onramping for PYUSD on Solana and Ethereum through MoonPay Agents worldwide.

Backs approximately 65% of SyrupUSDT/USDC overcollateralized loans, with the remainder in other assets including Sky.

Achieves 5% APY (30-day average of 5.1%) in the CRT Vault for PYUSD/USDT deposits on DeFiCarrot.

Market cap increased by 5.6% over the last 30 days.

Expanded to over 70 countries on Solana via PayPal and Venmo, enabling direct transfers, no fees, stablecoin rewards, and ENS domains. Identified as one of three stablecoins, alongside USDS and USDe, capable of reaching USDC's scale, leveraging PayPal's network for remittances and savings.

Listed on Aori exchange.

Integrated with Xoom for cross-border transfers in November 2024.

Integrated with Mastercard infrastructure for stablecoin-funded cards, payouts to digital wallets, and B2B settlements.

Completed first business transaction paying Ernst & Young invoice in PYUSD.

Aon plc ($70B market cap, $5T+ assets under advisory) settled first stablecoin insurance premium payment on Solana with Paxos and Coinbase.

Potentially supported as a stablecoin option for Visa card spending in Visa and Bridge's collaboration to launch stablecoin-linked cards in over 100 countries by the end of 2026, alongside USDC and EURC.

Reached over $400M in deposits in the Sentora PYUSD Vault on Kamino, generating $850K in interest over the past 90 days with an 8.3% supply APY (90-day average).

Integrated across merchant networks operated by PayPal

Reached $300M in PYUSD deposits on Morpho.

Grew 15.5% in a single month to reach $2.76 billion market cap.

Reached $1.5B in 30-day mint volume.

Integrated with TCS Blockchain to enable same-day funding and on-chain settlements for the trucking industry, offering up to 90% cost savings and faster payments.

Reached $266B total circulating supply across the stablecoin market as of early 2026, with PYUSD identified as one of the stablecoins that has expanded meaningfully since 2024.

Minted $334,426,161 worth of PYUSD tokens in February 2026.

Launched PYUSDx, a white-label framework by MoonPay and M0 Foundation for minting branded stablecoins backed 1:1 by PayPal USD reserves, in early 2025-2026.

Reached $475M market cap on Arbitrum in February 2026, a ~70x increase driven by flows from Ethereum through LayerZero.

Faces adverse impact from proposed OCC rules that would restrict white-label stablecoin issuance and limit issuers to a single brand of stablecoin.

Reached record supply of $4.3 billion.

Minted $11,268,512 PYUSD, bringing total supply to $4,186,386,195 as of February 26, 2026.

Reached 400 million PayPal wallets with PYUSD integration in 2025.

Offers native 4% yields on PYUSD holdings.

Minted $15,079,299 PYUSD, bringing total supply to $4,175,117,683.

Minted 19,684,768 PYUSD, bringing total supply to 4,160,038,384 PYUSD.

Minted 16,895,620 PYUSD, bringing total supply to 4,140,353,616 PYUSD.

Integrated with Pendle for fixed yield pools, listed as Aave aPYUSD with 2026-05-28 expiry. Provides 99% collateral backing for sUSDai with 9.29% fixed yield.

Received $38.77 million PYUSD from Vitalik Buterin's 19,268 ETH sale, with an average ETH sell price of $2,012 over a 23-day period ending 2026-02-26.

Shows approximately 18% of circulating supply deployed in DeFi across lending protocols and DEX pools.

Integrated with Ethena for farming DeFi yields, with Ethena deploying approximately $1 billion across various platforms including PYUSD and RLUSD for lending.

Minted $17,284,576 PYUSD, bringing total supply to $4,123,457,996.

Reached $37.9B in quarterly transfer volume on Ethereum in Q4 2025.

Integrated with Euler Finance, enabling borrowing PYUSD against Ondo tokenized stocks (SPYon, TSLAon, QQQon) and offering 6-7% APY for PYUSD deposits via Enso Finance.

Surpassed $4 billion market cap, representing 700% year-over-year growth. Minted $10,891,891 PYUSD, bringing total supply to $4,055,611,988.

Integrated into Solana mainnet payments hub as default network alongside Visa, reducing fees to $0.001. Expanded to Arbitrum for low-cost multi-chain payments.

Minted $57,616,594 PYUSD, bringing total supply to $4,029,457,472 as of February 13, 2026.

Minted $19,587,284 PYUSD, bringing total supply to $3,960,588,184 as of April 2026.

Became the third largest stablecoin funding source for 5-14x leveraged DeFi carry trades, behind USDC and USDT. Integrated into Kamino's Stable Loops for automated USDC/PYUSD looping, offering up to 10x leverage for PYUSD/CASH pairs, and available as a borrowable asset at a 2.34% borrow rate.

Reached $9B in total transaction volume on Solana.

Partners with Figure through Sentora to expand PyUSD vaults with PRIME, an RWA backed by U.S. HELOC loans.

Minted 14,233,393 PYUSD, bringing total supply to 3,941,000,900 PYUSD as of February 13, 2026.

Minted $20,052,550 PYUSD on February 12, 2026, bringing total supply to $3,926,767,507.

A single user deposited $7 million worth of PayPal USD into the pyUSD/crvUSD pool on Stake DAO.

Minted $24,399,626 PYUSD on February 10, 2026, bringing total supply to $3,906,714,957, with circulating supply reaching $3,620,000,000.

Available in the PRIME Market on Kamino, where it can be borrowed using PRIME as collateral with up to 8.3× leverage.

Reached $828 million in supply on Solana as of February 10, 2026.

Sentora's PYUSD v2 Morpho Vault activated a 1% management fee in late December 2025.

Offers incentives on PYUSD through Sentora's PYUSD v2 Morpho Vault to grow assets under management.

Removed Alex Chriss as CEO, with Enrique Lores (former HP CEO and PayPal board member since 2021) appointed as replacement.

Added extra rewards program on the Curve Finance PYUSD/crvUSD liquidity gauge through Stake DAO integration.

Received an A- rating from Bluechip with a perfect 1.0 score in management, decentralization, and governance.

Will be added as a funding option on Interactive Brokers (IBKR) on 2026-01-22.

Deposits on Aave crossed $400M in Q4 2025, increasing 40x.

Integrated with a DePIN infrastructure financing platform to subsidize interest rates for GPU financing.

Deployed on Aptos blockchain alongside other institutional stablecoin providers including BlackRock's BUIDL, Franklin Templeton, and Paxos USDG.

Transferred $1.2 billion from Copper to new wallet 0xC7A455f687D1 on December 28, 2025.

established partnership with Coinbase to increase PYUSD usage

announced plans to launch on Stellar network

Featured in ETHGlobal's DeFi & Payments category highlighting stablecoin rails alongside USDC in developer activity from November-December 2025, with 506 projects built in this category.

Is being distributed across mainstream endpoints as part of confidential USD settlement infrastructure scaling.

Faces significant resistance in B2B expansion as Intuit chose Circle's USDC over PYUSD for business payments integration.

Expanded PYUSD0 (the omnichain extension of PYUSD) to Stable network, enabling cross-chain transfers through Stargate at a 1:1 rate with zero slippage.

Integrated with USDai for settlement rails in AI infrastructure finance and onchain credit applications, with holdings reaching $150 million; became fourth-largest stablecoin on Arbitrum.

Mentioned in Delphi Digital's 2026 Infrastructure Year Ahead Report as an example of a fintech company issuing its own stablecoin.

A PYUSD Trading Sprint with $30k in prizes runs from December 15 21:00 UTC to December 17 21:00 UTC.

Allocated 500M PYUSD via Spark-governed liquidity, targeting $1 billion PYUSD deposits, pairing with USDC and USDT to reduce per-unit costs.

Spark protocol launches PYUSD Savings Vault offering 4.25% savings rate, with Spark's Savings V2 platform reaching $395M in TVL since October launch.

Basel Committee releases guidance note lowering risk weight for banks holding qualified regulated stablecoins like PYUSD from 1250% to 100%, making it cheaper for banks to hold stablecoins on balance sheets with banks expected to start hoarding stablecoins as liquidity buffers in Q1 2026.

Bungee integrates PYUSD for cross-chain swaps across 25+ chains with gasless transactions.

YouTube enables US creators to receive earnings in PayPal's stablecoin.

YouTube integrates PYUSD as a payout option for U.S. creators on the platform, per Fortune.

StateStreet (fourth largest asset manager with $5T AUM) and Galaxy plan to launch tokenized liquidity fund SWEEP on Solana in early 2026, using PYUSD for onchain subscriptions and redemptions, with $200M seeding from Ondo Finance.

Earnmo tool launches, integrating PYUSD with Venmo to enable gas-free conversion to USDC and 2% premium earnings through zkp2p peer-to-peer deposits, powered by zkp2p Offramp SDK, Privy.io, and RelayProtocol.

PYUSD holder growth reaches +13.8% over the past 30 days, though this trails behind competitor USDG's +28.0% growth rate during the same period.

PYUSD expands to SEI Network through LayerZero integration.

PYUSD holds $2.7 billion in supply on Ethereum mainnet. Overall supply triples since September.

PYUSD integrates with Bungee platform, enabling gas-free cross-chain swaps across 25+ blockchains.

PYUSD supply on Solana surpasses $1 billion, up approximately 4x since the start of the year.

PYUSD is on track to become the 3rd largest stablecoin after USDT and USDC if current growth trajectory continues into 2026.

Ranked #1 fastest growing stablecoin in $1B+ market cap, with Paxos issuing both #1 (PYUSD) and #3 (USDG). Ranks as the fastest growing RWA deployment on Arbitrum, with supply increasing 40x during February 2026.

PYUSD deploys on SEI Network as part of a 260% surge in tokenized RWAs on the network, enabling use in yield strategies through lending protocols averaging ~5.7% returns.

PYUSD jumped 35% with $1B in inflows as dollar-backed stablecoins expanded while synthetic stablecoin Ethena lost $2.2B in redemptions during November.

$2.6 billion added to market cap since September.

PYUSD grew 3X since September.

A new $30,000 PYUSD Trading Sprint runs from December 1, 21:00 UTC to December 2, 21:00 UTC.