PayPal USD (PYUSD), a stablecoin issued by PayPal, reached a brand new all-time excessive in market capitalization in the present day, February twenty fourth, reaching $4.1 billion.
This development comes amid a “crypto winter” that has affected your complete market, with stablecoins It is a 13% enhance from the $3.631 billion registered on January 4th..
In that sense, PayPal famous that stablecoins are “increasing entry to on-chain liquidity and the true utility of decentralized finance (DeFi) via lending and borrowing.”
That is mirrored, for instance, in Aave, a decentralized finance (DeFi) protocol the place customers can deposit belongings to earn earnings or use them as collateral.
Relating to this integration, the DeFi platform reported in January final 12 months: La Stablecoin The deposit quantity reached $400 million..
This determine represents nearly 10% of whole belongings and means that holders are usually not simply passively holding stablecoins, however actively in search of to work together with yield instruments on the community.
PayPal’s digital forex is opposite to USDT
In line with a report by CriptoNoticias, PYUSD, which was launched to the market in 2023, has regularly accelerated, consolidated in 2025, and its market capitalization has skilled a 650% surge in simply 12 months.
This momentum has strengthened the belongings of PayPal, which is already the sixth largest stablecoin. The PYUSD development stands out for its deviation from the developments of the market’s main stablecoins, with Tether (USDT)’s market capitalization recording a decline whereas PayPal’s belongings strengthen. $187 billion on January 1st to $183 billionin the present day, February twenty fourth.
