{"id":135758,"date":"2024-08-18T16:00:02","date_gmt":"2024-08-18T13:00:02","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=135758"},"modified":"2024-08-18T03:08:53","modified_gmt":"2024-08-18T00:08:53","slug":"paypals-pyusd-becomes-sixth-largest-stablecoin","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/paypals-pyusd-becomes-sixth-largest-stablecoin\/","title":{"rendered":"PayPal\u2019s PYUSD Becomes Sixth-Largest Stablecoin"},"content":{"rendered":"<p>In just ten days, PYUSD\u2019s market cap surged by $140.9 million, growing from $651 million on August 6 to $791.9 million by August 16.<\/p>\n<p>This increase in PYUSD\u2019s market value enabled it to overtake USDD, according to CoinGecko\u2019s data. The stablecoin is issued by Paxos Trust Company, which is regulated by the New York Department of Financial Services. Paxos is known for its various asset-backed stablecoins, including Pax Dollar (USDP) and Pax Gold (PAXG).<\/p>\n<p>Additionally, Solana has seen a notable increase in PYUSD\u2019s supply, surpassing <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">Ethereum<\/a><\/strong>. As of August 15, Solana holds 56.7% of PYUSD\u2019s total supply, amounting to $449 million, while Ethereum\u2019s share has decreased. This shift began after PYUSD\u2019s launch on Solana on May 29 and accelerated sharply starting June 26. By August 12, <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/solana\/\">Solana<\/a> <\/strong>had overtaken Ethereum in PYUSD supply.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/solana-etf-filings-vanish-sparking-withdrawal-rumors\/\" title=\"Solana ETF Filings Vanish, Sparking Withdrawal Rumors\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/Question-Mark-HD-Wallpaper14-homepage-e1683713673259-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Solana ETF Filings Vanish, Sparking Withdrawal Rumors<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Crypto exchange Bybit has recently started supporting Solana-based PYUSD transactions, allowing deposits and withdrawals through Solana. Despite regulatory challenges, including an SEC subpoena reported in PayPal\u2019s November 1, 2023, 10-Q filing, PYUSD has shown remarkable growth. Over the past 30 days, PYUSD has led stablecoin market expansion, growing by 35% since July 16. To reach a $1 billion market cap, PYUSD needs an additional $209 million.<\/p>\n<p>Launched on August 7, 2023, PayPal\u2019s PYUSD is fully backed by US dollar deposits, short-term U.S. Treasury securities, and cash equivalents. Currently, the total market cap of dollar-pegged stablecoins stands at approximately $161.6 billion, with Tether\u2019s <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/tether\/\">USDT<\/a> <\/strong>leading the market at a 17.88% share and Circle\u2019s <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/usd-coin\/\">USDC<\/a><\/strong> in second place with 5.29%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PayPal\u2019s stablecoin, PYUSD, has recently surpassed Tron\u2019s USDD in market capitalization, positioning itself as the sixth-largest stablecoin in the crypto space.<\/p>\n","protected":false},"author":3,"featured_media":31502,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-135758","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>PayPal\u2019s PYUSD Becomes Sixth-Largest Stablecoin<\/title>\n<meta name=\"description\" content=\"PayPal\u2019s stablecoin, PYUSD, has recently surpassed Tron\u2019s USDD in market capitalization, positioning itself as the sixth-largest ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptodnes.bg\/en\/paypals-pyusd-becomes-sixth-largest-stablecoin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PayPal\u2019s PYUSD Becomes Sixth-Largest Stablecoin\" \/>\n<meta property=\"og:description\" content=\"PayPal\u2019s stablecoin, PYUSD, has recently surpassed Tron\u2019s USDD in market capitalization, positioning itself as the sixth-largest ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptodnes.bg\/en\/paypals-pyusd-becomes-sixth-largest-stablecoin\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoDnes EN\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-18T13:00:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/paypal-5.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"576\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alexander Stefanov\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alexander Stefanov\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/paypals-pyusd-becomes-sixth-largest-stablecoin\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/paypals-pyusd-becomes-sixth-largest-stablecoin\/\"},\"author\":{\"name\":\"Alexander Stefanov\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/121029bf2ce7d5bbdab7f447d5aeebb5\"},\"headline\":\"PayPal\u2019s PYUSD Becomes Sixth-Largest Stablecoin\",\"datePublished\":\"2024-08-18T13:00:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/paypals-pyusd-becomes-sixth-largest-stablecoin\/\"},\"wordCount\":248,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/#organization\"},\"image\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/paypals-pyusd-becomes-sixth-largest-stablecoin\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/paypal-5.jpg\",\"articleSection\":[\"Altcoins\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/cryptodnes.bg\/en\/paypals-pyusd-becomes-sixth-largest-stablecoin\/#respond\"]}],\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/cryptodnes.bg\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/paypals-pyusd-becomes-sixth-largest-stablecoin\/\",\"url\":\"https:\/\/cryptodnes.bg\/en\/paypals-pyusd-becomes-sixth-largest-stablecoin\/\",\"name\":\"PayPal\u2019s PYUSD Becomes Sixth-Largest Stablecoin\",\"isPartOf\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/paypals-pyusd-becomes-sixth-largest-stablecoin\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/paypals-pyusd-becomes-sixth-largest-stablecoin\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/paypal-5.jpg\",\"datePublished\":\"2024-08-18T13:00:02+00:00\",\"description\":\"PayPal\u2019s stablecoin, PYUSD, has recently surpassed Tron\u2019s USDD in market capitalization, positioning itself as the sixth-largest ...\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/paypals-pyusd-becomes-sixth-largest-stablecoin\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptodnes.bg\/en\/paypals-pyusd-becomes-sixth-largest-stablecoin\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/paypals-pyusd-becomes-sixth-largest-stablecoin\/#primaryimage\",\"url\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/paypal-5.jpg\",\"contentUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/paypal-5.jpg\",\"width\":1024,\"height\":576},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/paypals-pyusd-becomes-sixth-largest-stablecoin\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptodnes.bg\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"PayPal\u2019s PYUSD Becomes Sixth-Largest Stablecoin\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#website\",\"url\":\"https:\/\/cryptodnes.bg\/en\/\",\"name\":\"CryptoDnes EN\",\"description\":\"Crypto News, Bitcoin Analysis and More\",\"publisher\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cryptodnes.bg\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#organization\",\"name\":\"CryptoDnes EN\",\"url\":\"https:\/\/cryptodnes.bg\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/logo.svg\",\"contentUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/logo.svg\",\"caption\":\"CryptoDnes EN\"},\"image\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/121029bf2ce7d5bbdab7f447d5aeebb5\",\"name\":\"Alexander Stefanov\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/6dd8585c9881c74e639b0a3d0a889929?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/6dd8585c9881c74e639b0a3d0a889929?s=96&d=mm&r=g\",\"caption\":\"Alexander Stefanov\"},\"url\":\"https:\/\/cryptodnes.bg\/en\/author\/alex100oo\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"PayPal\u2019s PYUSD Becomes Sixth-Largest Stablecoin","description":"PayPal\u2019s stablecoin, PYUSD, has recently surpassed Tron\u2019s USDD in market capitalization, positioning itself as the sixth-largest ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptodnes.bg\/en\/paypals-pyusd-becomes-sixth-largest-stablecoin\/","og_locale":"en_US","og_type":"article","og_title":"PayPal\u2019s PYUSD Becomes Sixth-Largest Stablecoin","og_description":"PayPal\u2019s stablecoin, PYUSD, has recently surpassed Tron\u2019s USDD in market capitalization, positioning itself as the sixth-largest ...","og_url":"https:\/\/cryptodnes.bg\/en\/paypals-pyusd-becomes-sixth-largest-stablecoin\/","og_site_name":"CryptoDnes EN","article_published_time":"2024-08-18T13:00:02+00:00","og_image":[{"width":1024,"height":576,"url":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/paypal-5.jpg","type":"image\/jpeg"}],"author":"Alexander Stefanov","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Alexander Stefanov","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/cryptodnes.bg\/en\/paypals-pyusd-becomes-sixth-largest-stablecoin\/#article","isPartOf":{"@id":"https:\/\/cryptodnes.bg\/en\/paypals-pyusd-becomes-sixth-largest-stablecoin\/"},"author":{"name":"Alexander Stefanov","@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/121029bf2ce7d5bbdab7f447d5aeebb5"},"headline":"PayPal\u2019s PYUSD Becomes Sixth-Largest Stablecoin","datePublished":"2024-08-18T13:00:02+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptodnes.bg\/en\/paypals-pyusd-becomes-sixth-largest-stablecoin\/"},"wordCount":248,"commentCount":0,"publisher":{"@id":"https:\/\/cryptodnes.bg\/en\/#organization"},"image":{"@id":"https:\/\/cryptodnes.bg\/en\/paypals-pyusd-becomes-sixth-largest-stablecoin\/#primaryimage"},"thumbnailUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/paypal-5.jpg","articleSection":["Altcoins"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/cryptodnes.bg\/en\/paypals-pyusd-becomes-sixth-largest-stablecoin\/#respond"]}],"copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/cryptodnes.bg\/#organization"}},{"@type":"WebPage","@id":"https:\/\/cryptodnes.bg\/en\/paypals-pyusd-becomes-sixth-largest-stablecoin\/","url":"https:\/\/cryptodnes.bg\/en\/paypals-pyusd-becomes-sixth-largest-stablecoin\/","name":"PayPal\u2019s PYUSD Becomes Sixth-Largest Stablecoin","isPartOf":{"@id":"https:\/\/cryptodnes.bg\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptodnes.bg\/en\/paypals-pyusd-becomes-sixth-largest-stablecoin\/#primaryimage"},"image":{"@id":"https:\/\/cryptodnes.bg\/en\/paypals-pyusd-becomes-sixth-largest-stablecoin\/#primaryimage"},"thumbnailUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/paypal-5.jpg","datePublished":"2024-08-18T13:00:02+00:00","description":"PayPal\u2019s stablecoin, PYUSD, has recently surpassed Tron\u2019s USDD in market capitalization, positioning itself as the sixth-largest ...","breadcrumb":{"@id":"https:\/\/cryptodnes.bg\/en\/paypals-pyusd-becomes-sixth-largest-stablecoin\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptodnes.bg\/en\/paypals-pyusd-becomes-sixth-largest-stablecoin\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptodnes.bg\/en\/paypals-pyusd-becomes-sixth-largest-stablecoin\/#primaryimage","url":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/paypal-5.jpg","contentUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/paypal-5.jpg","width":1024,"height":576},{"@type":"BreadcrumbList","@id":"https:\/\/cryptodnes.bg\/en\/paypals-pyusd-becomes-sixth-largest-stablecoin\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptodnes.bg\/en\/"},{"@type":"ListItem","position":2,"name":"PayPal\u2019s PYUSD Becomes Sixth-Largest Stablecoin"}]},{"@type":"WebSite","@id":"https:\/\/cryptodnes.bg\/en\/#website","url":"https:\/\/cryptodnes.bg\/en\/","name":"CryptoDnes EN","description":"Crypto News, Bitcoin Analysis and More","publisher":{"@id":"https:\/\/cryptodnes.bg\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptodnes.bg\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/cryptodnes.bg\/en\/#organization","name":"CryptoDnes EN","url":"https:\/\/cryptodnes.bg\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/logo\/image\/","url":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/logo.svg","contentUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/logo.svg","caption":"CryptoDnes EN"},"image":{"@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/121029bf2ce7d5bbdab7f447d5aeebb5","name":"Alexander Stefanov","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/6dd8585c9881c74e639b0a3d0a889929?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6dd8585c9881c74e639b0a3d0a889929?s=96&d=mm&r=g","caption":"Alexander Stefanov"},"url":"https:\/\/cryptodnes.bg\/en\/author\/alex100oo\/"}]}},"modified_by":"Deyan Angelov","_links":{"self":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts\/135758","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/comments?post=135758"}],"version-history":[{"count":1,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts\/135758\/revisions"}],"predecessor-version":[{"id":135759,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts\/135758\/revisions\/135759"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/media\/31502"}],"wp:attachment":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/media?parent=135758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/categories?post=135758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/tags?post=135758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}