PYUSD issued about 100 million more in the past 24 hours, and the total issuance exceeded 300 million
According to on-chain data reported, the total issuance of PayPal's stablecoin, PayPal USD (PYUSD), increased by approximately 100 million in the past 24 hours, with a current total issuance of approximately 302 million. There are 7,656 total holding addresses on the chain, with 85,177 on-chain transactions.
8 million PYUSD transferred from Crypto.com to unknown wallet
According to Whale Alert monitoring, 8,000,000 PYUSD (approximately $7,994,036) was transferred from Crypto.com to an unknown wallet.
Chainlink has provided price feed service for PYUSD/USD
The oracle project Chainlink has announced that it has provided price feeding services for PYUSD/USD on the Ethereum network.
The average transaction volume of PayPal stablecoin PYUSD is about $800, which is higher than that of real-world credit cards
According to Ki Young Ju, founder of blockchain analysis company CryptoQuant, PYUSD, PayPal's stablecoin, seems to be operating well as a payment channel. In the real world, the average transaction amount for credit cards is about $164, while the average transaction amount for PYUSD can reach about $800. The average transaction amount for other stablecoins not used for payment is higher, ranging from $50,000 to $1 million.
PayPal Ventures Uses PYUSD Stablecoin for $5 Million Investment in Crypto-Based Financial Transactions Startup Mesh
PayPal Ventures has invested $5 million in Mesh, a digital assets startup, using its PYUSD stablecoin. Mesh enables secure crypto-based financial transactions and serves as a way to move funds between crypto exchanges, wallets, and financial apps that support crypto. The advantage of the service is that it doesn't require users to cut and paste a long string of characters, which is a poor security practice. In addition to the stablecoin investment, PayPal Ventures also added $1.5 million in cash.
The total circulation of PYUSD exceeded 300 million, and the number of transactions on the chain exceeded 32,000
According to on-chain data, PayPal's USD stablecoin, PayPal USD (PYUSD), has issued a total of 301,175,241.4 coins. The total number of on-chain holding addresses is 5,162, and the number of on-chain transactions is 32,619.
The total circulation of PayPal’s US dollar stable currency PYUSD exceeds 290 million
According to data on the blockchain, PayPal's stablecoin, PayPalUSD (PYUSD), has issued a total of 294 million coins. There are currently 5,115 addresses holding the coin on the blockchain, and there have been 31,713 transactions.
The Aave community voted to approve the proposal to “add PYUSD to the Aave V3 Ethereum network”
According to the Snapshot governance page, the Aave community voted to approve the proposal to "Add PYUSD to the Aave V3 Ethereum network". PYUSD is a stablecoin backed by the US dollar launched by PayPal and issued by Paxos. The current circulating supply has exceeded $230 million.
PayPal deposits $132,000 in voting rewards on Votemarket to increase PayPool liquidity on Curve
Stake DAO announced on X platform that PayPal deposited $132,000 worth of PYUSD on Votemarket as a voting reward to increase PayPool's liquidity on Curve.
CiNKO becomes the first payment platform in Latin America and the Caribbean to accept PYUSD
CiNKO announced the addition of PayPal USD (PYUSD) support, becoming one of the first payment platforms in Latin America and the Caribbean to accept PYUSD, and providing access to one of the world's most tightly regulated stablecoins for users in 44 countries in the region.
