PayPal stablecoin circulation dropped 38% in March — Paxos
Total PayPal USD in circulation amounted to $188.5 million in March, or 39% less than in February 2024.
PayPal USD (PYUSD) — a stablecoin issued by the payment giant PayPal and the cryptocurrency company Paxos — saw a significant circulation drop in March.
According to Paxos' latest PayPal USD transparency report, PYUSD circulation amounted to $188.5 million in March, or 39% less than in the previous month.
In February and January, PayPal USD circulation topped at $304 million and $301 million respectively.
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