According to the latest data from DeFiLlama, PayPal's stablecoin PYUSD has seen a strong surge recently. Its market cap was $1.2 billion in September, but it has now soared past $3.8 billion.
This growth rate is indeed remarkable—it's increased by over 36% in the past month alone and has now climbed to sixth place in the stablecoin market cap rankings. It seems that after traditional payment giants enter the space, they still have a clear advantage in terms of compliance channels and user base.
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MrDecoder
· 12-03 14:43
PayPal really made a bold move here, tripling in just three months... Truly worthy of traditional finance tactics.
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ForkThisDAO
· 12-03 05:22
PayPal's move is really impressive, going straight from 1.2 billion to 3.8 billion—who can keep up with that growth rate?
Compliance plus a strong user base is a killer combo; that's the advantage of traditional giants.
Speaking of which, if this continues, how long can USDC and USDT hold on?
PYUSD is really starting to steal the spotlight; need to keep an eye on it.
The stablecoin landscape is definitely shifting this round, but we'll have to see if they can maintain it going forward.
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rugdoc.eth
· 12-03 05:21
Compliance licenses are king. PayPal played this hand really aggressively.
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New_Ser_Ngmi
· 12-03 05:20
PayPal's tactics are really ruthless—tripling growth by sheer force. You can tell whether a traditional giant is capable as soon as they make a move.
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MetaNeighbor
· 12-03 05:14
PYUSD's speed is truly unmatched. PayPal really has confidence—their user base says it all.
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GasFeeCrier
· 12-03 05:06
PayPal really is a killer app—when you have money and users, you can do whatever you want.
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Rugpull幸存者
· 12-03 05:03
Traditional finance bigwigs really have their ways—they can take off instantly thanks to their existing user base, while us small retail investors are still mining here.
According to the latest data from DeFiLlama, PayPal's stablecoin PYUSD has seen a strong surge recently. Its market cap was $1.2 billion in September, but it has now soared past $3.8 billion.
This growth rate is indeed remarkable—it's increased by over 36% in the past month alone and has now climbed to sixth place in the stablecoin market cap rankings. It seems that after traditional payment giants enter the space, they still have a clear advantage in terms of compliance channels and user base.