PYUSD logo

PYUSD
PayPal USD

82
Mkt Cap
$3.4B
24H Volume
$60.08M
FDV
$3.41B
Circ Supply
3.4B
Total Supply
3.41B
PYUSD Fundamentals
Max Supply
0.00
7D High
$1.00
7D Low
$0.9994
24H High
$1.00
24H Low
$0.9996
All-Time High
$1.08
All-Time Low
$0.9594
PYUSD Prices
PYUSD / USD
$1.00
PYUSD / EUR
€0.8526
PYUSD / GBP
£0.7358
PYUSD / CAD
CA$1.36
PYUSD / AUD
A$1.39
PYUSD / INR
₹94.90
PYUSD / NGN
NGN 1,375.94
PYUSD / NZD
NZ$1.69
PYUSD / PHP
₱61.50
PYUSD / SGD
SGD 1.27
PYUSD / ZAR
ZAR 16.60
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press releases
Coinbase Executives Back CLARITY Act Even As Stablecoin Rewards Take A Hit
The Blockchain Association and Digital Chamber said the deal advances crypto policy while balancing innovation and consumer protection.
Stocktwits·2d ago
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Crypto Biz: Capital has no consensus
Crypto markets diverge as IREN eyes AI cloud growth, BitMine ramps up ETH exposure, stablecoin activity slows, and tokenized Treasurys gain traction.
Cointelegraph.com News·3d ago
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PayPal Reshuffles the Game: Crypto and Payment Services Take Center Stage in Bold Growth Push
PayPal Reshapes Its Future With Leaner Structure, Crypto Push, and Unified Payment Ecosystem PayPal Holdings has rolled out a sweeping reorganization designed to simplify its structure, speed up decision-making, and strengthen execution as it enters its next growth phase. Well, this move sharpens focus on high-growth areas, such as crypto digital payments, consumer finance, and blockchain infrastructure, while tightening accountability across the business. At the core of the reorganization is a new three-business model aimed at simplifying decision-making and directing resources toward PayPal’s highest long-term growth opportunities, according to the company’s official announcement. The Payment Services & Crypto segment will bring PayPal’s core payment infrastructure under one unified structure, combining Braintree, SMB payment processing, value-added merchant tools, and its growing crypto capabilities, including the company’s PYUSD stablecoin. By consolidating these offerings, PayPal is aiming to streamline its payments ecosystem and build a more scalable, efficient foundation for merchants across global markets. The integration is also designed to strengthen its position in the digital asset space, allowing the company to bridge traditional payments with emerging blockchain-based finance. The second division, Checkout Solutions & PayPal, consolidates PayPal’s consumer and merchant checkout experiences into a single, streamlined ecosystem. The focus is on reducing friction at checkout, boosting merchant conversion rates, and making payments more intuitive for users. By tightening integration across platforms, PayPal aims to strengthen its position as a core infrastructure layer for digital commerce across both web and in-app transactions. The third segment, Consumer Financial Services & Venmo, builds on Venmo’s rapid growth and extends its role beyond peer-to-peer payments. Notably, this unit is being positioned as a broader consumer finance platform, with potential expansion into savings, money management, and additional digital financial tools designed to deepen everyday user engagement. PayPal Restructures for the Next Era of Payments, Deepens Push into Crypto and Blockchain Collaboration PayPal CEO Alex Chriss said the reorganization is designed to sharpen execution through greater operational discipline and focus. He stated: “To accelerate growth and unlock our full potential, we need to recommit to our fundamentals—getting much closer to the consumer, aligning the company around three strong businesses, simplifying how we work, sharpening accountability, and prioritizing operational excellence.” Meanwhile, PayPal stock (PYPL) saw periods of upward momentum earlier in the year, partly driven by rising interest in its stablecoin push, including PYUSD, and broader efforts to modernize its fintech stack. The company has also been tied to wider industry collaboration, alongside significant players such as Binance, Ripple, and Mastercard, in initiatives aimed at expanding blockchain-based payment infrastructure and improving interoperability between traditional finance and digital assets. Overall, the restructuring signals PayPal’s push to stay competitive in a payments landscape increasingly defined by crypto growth, real-time settlement, deeper integration, and blockchain-enabled efficiency.
coinpaper·3d ago
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SPX6900 price prediction 2026-2032: Will SPX6900 soar 10x or crash?
Key takeaways : SPX6900 price prediction suggests that the coin’s price can reach $0.505651 by the end of 2026. By 2028, SPX may achieve a peak price of $1.07 and an average trading price of $0.98321. In 2032, the target price for SPX is between $2.02 and $2.19, with an average price of $2.11. SPX6900 (SPX) functions primarily on the Ethereum network. The token was created as a meme to entertain wider audiences. It has no real connection with stock market, equities, or securities. The meme coin generates interest through spot trading, market speculation, or perpetual and leveraged trading on different decentralized exchanges; the latter is not recommended for non-professionals due to its high risk and highly volatile nature. SPX6900 is traded on different centralized and decentralized cryptocurrency exchanges. The most popular centralized exchange for trading SPX tokens is Bybit, which has the highest trading volume for this meme coin. SPX6900 (SPX) can be stored in various wallets, including Trust Wallet, Bitget Wallet, and hardware wallets like Ledger. It can also be stored on a centralized exchange like KuCoin and another option could be Kraken, providing easy access to the coin. Early users attest to its credibility and remarkable price performance; however, the meme token still holds the interest of many investors with a daily trading volume in millions and a current circulating supply of 930.99 million SPX, which is also its total supply, although its max supply will be 1 billion tokens. Starting as a non-serious venture, the coin established itself as one of the most high-ranking coins of the year 2024. It was initiated as a useless token but ultimately ended up earning profits in the millions. For example, over a month, SPX earned up to a 9000% return following its ascent through September 2024. What’s next for the meme token in 2026 and beyond? Let’s get into the SPX6900 price prediction and technical analysis. Overview Cryptocurrency SPX6900 Token SPX Price $0.363 (-2.33%) Market Cap $338.14M Trading Volume (24-hour) $6.24M Circulating Supply 930.99M SPX All-time High $2.28 (July 28, 2025) All-time Low $0.000002634 (August 16, 2023) 24-hour High $0.3794 24-hour Low $0.3572 SPX6900 price prediction: Technical analysis Metric Value Price Prediction $0.2750 (-25.00%) Price Volatility 12.87% 50-Day SMA $0.3167 200-Day SMA $0.5016 Market Sentiment Bearish Fear & Greed Index 29 (Fear) Green Days 19/30 (63%) 14-Day RSI 57.14 (Neutral) SPX6900 price analysis SPX6900 price analysis confirmed a downward trend, with the price decreasing to $0.363. Cryptocurrency has lost 2.33% of its value. SPX coin has support around $0.343. On April 30, 2026, SPX6900 price analysis revealed a bearish trend, with the coin’s price decreasing to $0.363. Over the last 24 hours, the altcoin lost 2.33% in value, as bearish momentum took hold on April 24. However, today’s price recovery is on the milder side, as the coin has support near the $0.343 level, and it is shedding at a slow pace. SPX6900/USD analysis on the 24-hour timeframe The one-day price chart of the SPX6900 coin confirmed a downward trend in the market, with the coin correcting after a recovery. However, the SPX/USD price retraced to $0.363 today after getting resistance from the sellers’ side at 0.375. The selling activities initiated today may bring further losses as a new red candlestick on the price chart signifies selling pressure. SPX6900/USD 1-day price chart. Source: TradingView The distance between the Bollinger Bands defines the intensity of volatility. This distance is comparatively wide, leading to high volatility for today. Moreover, the upper limit of the Bollinger Bands indicator, indicating resistance, has shifted to $0.409. The lower limit of the Bollinger Bands indicator, which serves as the support, has shifted to $0.297. The Relative Strength Index (RSI) indicator is trending in the neutral range. The indicator’s value has decreased to index 54. This suggests rising selling pressure on the SPX6900 price chart, but the score is still in the middle neutral range. SPX6900 analysis on the 4-hour chart The four-hour price analysis of the SPX6900 coin shows the presence of selling pressure at the current price level. The SPX/USD value decreased to $0.363 again in the past few hours, which hints at the presence of bearish elements in the market. However, the comparatively low volatility also signifies relatively higher market predictability. SPX6900/USD 4-hour price chart. Source: TradingView The Bollinger Bands are converging, and the distance between them is decreasing, leading to low volatility levels. This low volatility suggests a relatively decreased likelihood of a reversal or further price depreciation. Moving ahead, the upper Bollinger Band has shifted to $0.386, indicating a resistance level. Conversely, the lower Bollinger Band has moved to $0.355, indicating support. The RSI indicator is trending within the neutral region for now. However, its value has decreased to index 44 during the last four hours. If selling activities continue to grow, a further decrease in the RSI level is possible, which might take it below the 40 threshold. SPX6900 technical indicators: Levels and action Daily simple moving average (SMA) Period Value ($) Action SMA 3 0.3712 SELL SMA 5 0.3751 SELL SMA 10 0.3719 SELL SMA 21 0.3495 BUY SMA 50 0.3167 BUY SMA 100 0.3217 BUY SMA 200 0.5016 SELL Daily exponential moving average (EMA) Period Value ($) Action EMA 3 0.3724 SELL EMA 5 0.3730 SELL EMA 10 0.3679 SELL EMA 21 0.3512 BUY EMA 50 0.3353 BUY EMA 100 0.3783 SELL EMA 200 0.5376 SELL What to expect from SPX6900 price analysis? The SPX6900 price analysis gives a bearish prediction regarding the ongoing market events, as the coin is correcting and trading at the $0.363 level today. If sellers push the price below immediate support zones, we might see the SPX6900 price decrease below the $0.343 level. On the other hand, if buying pressure overwhelms, the token may increase to the $400 range. Is SPX6900 a good investment? Investing in SPX necessitates an evaluation of the SPX market and its emphasis on adaptability. Despite the earlier price spikes and enormous price gains, investors are advised to exercise caution on account of the market volatility of meme coins. Earnings from SPX require long-term investment decisions, whether holding or trading, but in this dynamic market, risk management is primarily achieved through diversification and keeping abreast of developments. Why is SPX down? SPX’s price is trending near $0.363 today after some correction. The balance of power is still towards the sellers; moreover, the token’s market sentiment remains bearish overall, despite yesterday’s recovery. SPX’s nearest support level is at $0.343. Will SPX6900 reach $1? The SPX token may reach $1 in 2028. With the current price action, this outcome seems quite possible, as the token is trending below $0.3, and its market cap will increase by 203% when it reaches this level. Will SPX reach $2? Per SPX price prediction, it has a chance of reaching $2 by 2032 if positive sentiment prevails, which makes SPX tokens a good purchase option. Will SPX reach $5? To reach $5, SPX’s value along with its market cap will have to increase more than fifteen times. Though not impossible, there are chances of reaching near this level after 2032. Does SPX6900 have a good long-term future? Long-term forecasts suggest a gradual increase in the value of SPX over the next two years. Following this period, projections anticipate sustained upward price movement with a potential resurgence in 2029. By 2032, SPX is expected to trade above $2, solidifying its position as a valuable long-term asset. SPX6900 does not only capitalize on mere entertainment but is also driven by the community surrounding it. Recent news/opinions on SPX6900 Some crypto influencers are bullish on SPX6900, including MustStopMurad, ApeToshi Aeon, and Maddox, a best-selling author and blogger known for “The Best Page in the Universe” and technology-related content. Murad shared a post highlighting the community behind SPX6900’s success, and Maddox later shared a video along the same lines. The most recent and bold claim was also made by MustStopMurad, asserting that “SPX6900 will go much, much higher” than Doge and PEPE market caps. However, such content should be taken with a pinch of salt. It’s fascinating to me that SPX6900 is stabilizing and flattening at the same market cap that DOGE and PEPE have stabilized before they proceeded to go to $87 Billion and $12 Billion respectively. Not a coincidence. Except this time SPX6900 will go much, much higher. — Murad 💹🧲 (@MustStopMurad) April 5, 2026 SPX6900 price prediction April 2026 This month, SPX is expected to reach a high of $0.356, with an average price of $0.280 and a minimum trading price of $0.208. SPX6900 price prediction Minimum price Average price Maximum price SPX6900 price prediction April 2026 $0.208 $0.280 $0.356 SPX6900 price prediction 2026 The price of SPX is predicted to reach a minimum value of $0.131 in 2026. Traders can anticipate a maximum value of $0.505651 and an average trading price of $0.421376. SPX6900 price prediction Minimum price Average price Maximum price SPX6900 price prediction 2026 $0.131 $0.421376 $0.505651 SPX6900 price predictions 2027-2032 Year Minimum Price ($) Average Price ($) Maximum Price ($) 2027 0.618017 0.702293 0.786568 2028 0.898934 0.98321 1.07 2029 1.18 1.26 1.35 2030 1.46 1.55 1.63 2031 1.74 1.83 1.91 2032 2.02 2.11 2.19 SPX6900 price prediction 2027 The year 2027 will experience more bullish momentum. According to the SPX price prediction, it will range between $0.618017 and $0.786568, with an average trading price of $0.702293. SPX6900 price prediction 2028 The SPX price prediction climbs even higher into 2028. According to the projections, the price of SPX will range between $0.898934 and $1.07, with an average of $0.98321. SPX price prediction 2029 According to our SPX price prediction for 2029, we expect a maximum price of $1.35, a minimum price of $1.18, and an average price of $1.26. This makes it a good decision to swap one’s crypto into SPX6900. SPX price prediction 2030 According to the SPX6900 price prediction for 2030, the price of SPX will range from $1.46 to $1.63, with an average price of $1.55. SPX6900 price prediction 2031 The SPX6900 price prediction for 2031 indicates the price will range between $1.74 and $1.91. The average price of SPX will be $1.83. SPX6900 price prediction 2032 The SPX6900 price forecast for 2032 is a high of $2.19. According to the SPX coin price prediction, it will reach a minimum price of $2.02 and average at $2.11. SPX price prediction 2026-2032. Source: Cryptopolitan SPX6900 market price prediction: Analysts’ SPX price forecast Firm Name 2026 2027 DigitalCoinPrice $0.0444 $0.000296 CoinCodex $0.3464 $0.4680 Cryptopolitan’s SPX6900 price prediction Our forecast shows that SPX will achieve a high price of $0.505651 near the end of 2026. In 2027, SPX will range between $0.618017 and $0.786568. In 2032, the cryptocurrency will range between $2.02 and $2.19, with an average price of $2.11. It is important to consider that the predictions can change at any time and are not investment advice. It is advised to do your own research and conduct detailed due diligence before investing in the volatile crypto market. SPX6900 historic price sentiment SPX6900 price history SPX6900 was launched in August 2023 by its primary creators with an opening price of $0.003 but remained under the radar for over a year. In October 2023, SPX’s value spiked to $0.023 under bullish control, which was a considerable growth trajectory, but still, it remained far from market attention. December of 2023 saw a low price of $0.008, which was quite low as compared to the price in October as per crypto market historical data. SPX6900 saw a stagnating price movement from January to May 2024, only to rise periodically to $0.015. In September 2024, SPX6900 gained an enormous 5600% from September 12 to October 14, reaching $0.913, resulting in a massive market capitalization. The token made higher spikes till November 7, 2024, adding significantly to its market cap; however, the token’s price has deteriorated afterwards. On November 21, SPX6900 stooped to $0.450, losing 50% of its value, which made holders cautious. However, the token regained its lost value and ended the year at $0.856. The meme token entered January 2025 with a price tag of $0.866, but it soon jumped to $1.55 as its circulation and acceptance increased. It corrected strongly in search of support at the start of February, attaining an average price of $0.66, but came down to the 0.46 range in March. In April, the coin was trending near $0.386 on the lower side, while in May, it saw a fabulous recovery, peaking at $1.11 along with some other cryptocurrencies. On June 11, the meme coin attained its all time high of $1.73, and on July 28, it marked another ATH at $2.27. SPX maintained a trading range of $1.06 to $2 in August under complete bullish dominance, proving itself a reliable asset, and was trading at an average price of $1.16 in September. In October 2025, SPX6900 was trending near $1.6, and in November, it fell to $0.78 after losing 50% of its value. In December, the downtrend continued as the token touched $0.63. At the start of January 2026, SPX6900 was trending near $0.648, but in March, it slipped to $0.336. In April, SPX6900 is trading near $0.28, but the current market sentiment is bullish.
cryptopolitan·3d ago
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Tether plans XXI-STRK-Elektron merger; eyes full-scale BTC platform
More on Tether USD A Guide To Stablecoins: Majority Fiat-Backed Stablecoins - USDT, USDC, PYUSD Trump administration reportedly freezes $344M in crypto allegedly linked to Iran Stablecoins raise regulatory evasion, dollarization risks - BIS head Financial information for Tether USD
seekingalpha·4d ago
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Shiba Inu Faces Ranking Pressure as Community Strength Shapes Market Outlook
Shiba Inu has attracted renewed attention as its global crypto ranking continues to fluctuate amid market competition. Market participants are closely assessing whether the token can sustain its recent recovery momentum. Ragnar Shiba has shared insights into the forces driving SHIB’s performance and resilience.His comments arrive during a period marked by both recovery signals and persistent ranking pressure. Community Support Remains the Core Strength of Shiba Inu Ragnar Shiba stated that Shiba Inu’s strength does not rely solely on price action or social media attention. He emphasized that the ShibArmy continues to play the most important role in sustaining the ecosystem. He noted that community members have remained active throughout periods of high volatility. This consistent engagement, he explained, has helped maintain confidence in the project. It has also strengthened the ecosystem beyond short-term trading cycles. Ragnar added that supporters have defended Shiba Inu during repeated criticism phases. In addition, he pointed out that the same community activity has helped attract new investors over time. However, he acknowledged that momentum has slowed in recent weeks. Some participants, he observed, have shifted focus toward alternative tokens. Despite this, committed supporters continue to promote and defend SHIB across various platforms. Global Ranking Position Shows Recovery but Competitive Pressure Persists Shiba Inu’s position in global cryptocurrency rankings has also drawn attention. Ragnar reported that SHIB recently reached 25th place on CoinMarketCap before slipping to 26th. The token currently holds a market capitalization of $3.72 billion. Earlier in the year, SHIB had approached the lower edge of the top 30 rankings. That movement highlights the ongoing instability in its market position. Competition remains tight among nearby assets. SHIB trails Sui, PayPal USD, Toncoin, and Cronos, which occupy positions 27 through 30. The market value gap remains under $1 billion. Ragnar also confirmed that Shiba Inu now ranks third among meme coins. MemeCore has already overtaken SHIB earlier this year, intensifying competition within the category. At the time of writing, SHIB trades at $0.000006314, reflecting a 1.24% gain over 24 hours. Market observers continue tracking whether Shiba Inu can stabilize its ranking amid sustained pressure and evolving sector dynamics.
coinpaper·4d ago
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CLARITY Act To Get Fast-Tracked, Says Senator Thom Tillis – Calls For 'Good Faith' On Stablecoin Yield
Analysts warn that political divisions and unresolved issues could still delay the CLARITY Act, raising risks of broader fallout if the bill fails ahead of midterm elections.
Stocktwits·5d ago
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CLARITY Act Markup Set For May, Says Senator Cynthia Lummis Eyeing ‘Finish Line’ After 3-Month Delay
At Bitcoin Conference 2026, Senator Cynthia Lummis said the Senate Banking Committee will move to mark up the CLARITY Act in May after missing an April target.
Stocktwits·6d ago
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Lawmaker Who Opposed CLARITY Act Unveils Bipartisan Bill For National Fintech, Crypto License
The bill enforces 1:1 reserves and risk rules, while granting firms access to Fedwire, FedNow, and ACH systems.
Stocktwits·13d ago
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PYUSD Burned: Staggering 301 Million Stablecoin Erased in Major Supply Shock
BitcoinWorld PYUSD Burned: Staggering 301 Million Stablecoin Erased in Major Supply Shock In a significant move for the digital asset ecosystem, blockchain tracking service Whale Alert reported on April 2, 2025, that a colossal 301 million PYUSD—PayPal’s dollar-pegged stablecoin—was permanently burned from circulation. This event, originating from an unidentified wallet, represents one of the largest single stablecoin burn transactions recorded on the Ethereum blockchain to date, immediately drawing intense scrutiny from market analysts and institutional observers worldwide. PYUSD Burned: Unpacking the Transaction Mechanics Blockchain data confirms the burn transaction occurred at 14:37 UTC. Consequently, the action permanently removed the tokens from the available supply. The burn mechanism is a fundamental cryptographic process. Specifically, it involves sending tokens to a verifiably unspendable address, often called a ‘burn address’ or ‘eater address.’ This address has no known private key. Therefore, any assets sent there become irretrievable. The Ethereum network publicly records and immutably verifies this action. For context, the total circulating supply of PYUSD stood at approximately 1.8 billion tokens before this event. As a result, this single burn reduced the total supply by nearly 17%. This percentage is substantial for any major stablecoin. Typically, stablecoin issuers like Paxos, which mints PYUSD for PayPal, manage supply through minting (creation) and burning (destruction) processes. These processes respond directly to user demand and redemption activity. However, a burn of this magnitude, executed in one transaction, is highly unusual. Stablecoin Supply Dynamics and Market Impact The immediate market implication revolves around basic supply and demand economics. A reduced supply of a stablecoin, all else being equal, can theoretically increase its scarcity value. However, PYUSD maintains a strict 1:1 peg to the US Dollar. Therefore, its market price should remain stable at one dollar. The true impact lies in the on-chain liquidity available for trading, lending, and decentralized finance (DeFi) protocols. Major liquidity pools on platforms like Uniswap and Curve Finance may experience temporary imbalances. Historically, large stablecoin burns often correlate with decreased trading activity or institutional redemptions. For instance, when Tether (USDT) or USD Coin (USDC) undergo significant burns, analysts typically interpret it as capital moving off-chain back into traditional banking systems. In this case, the burn could signal several scenarios: Institutional Redemption: A large holder, or ‘whale,’ may have cashed out a significant position, prompting Paxos to burn the corresponding PYUSD tokens. Supply Management: PayPal and Paxos might be proactively managing the supply to align with lower demand or to maintain optimal reserve ratios. Treasury Operations: The action could be part of internal treasury restructuring or the movement of assets between controlled wallets, with a public burn as the recorded outcome. Market data following the burn showed no immediate deviation in PYUSD’s market peg across major exchanges. This stability demonstrates the robustness of the reserve-backed model. Expert Analysis on Reserve Transparency and Trust Financial technology experts emphasize that such events test the transparency promises of stablecoin issuers. Paxos, as the issuer, publishes monthly attestation reports from independent accounting firms. These reports verify that the outstanding PYUSD tokens are fully backed by US dollar deposits, US Treasury bills, and similar cash equivalents. Following a burn of this size, the next monthly attestation will be scrutinized to confirm a corresponding reduction in claimed reserve assets. Dr. Anya Sharma, a blockchain economist at the Digital Asset Research Institute, notes, ‘A transparent and verifiable burn reinforces the core value proposition of a regulated stablecoin. It demonstrates that the supply contract is functioning as intended—tokens are destroyed when dollars are returned. This action, while large, is a stress test that passed smoothly. The market’s calm response is a positive signal for the maturity of the asset class.’ This event occurs within a broader regulatory context. Furthermore, global standards for stablecoins are evolving rapidly. The European Union’s Markets in Crypto-Assets (MiCA) framework and pending US legislation place strict requirements on reserve management and redemption policies. Proactive supply management through burns may become a standard compliance practice. Comparative Analysis with Historical Stablecoin Burns To understand the scale, comparing this event to other major stablecoin adjustments is instructive. The table below highlights significant recorded burns. Stablecoin Amount Burned Date Approx. % of Supply PYUSD 301 Million April 2025 ~17% USDC 410 Million March 2023 ~0.8% BUSD 1.7 Billion Q1 2024 ~15% DAI 85 Million February 2025 ~1.2% As shown, the PYUSD burn is notable for its high percentage of the total supply. The Binance USD (BUSD) burns in early 2024 were larger in absolute value but occurred over multiple transactions due to Paxos winding down the token under regulatory guidance. The concentrated nature of this single PYUSD transaction makes it a unique case study. Conclusion The burning of 301 million PYUSD represents a pivotal moment for PayPal’s stablecoin project. It highlights the active, on-chain management of digital dollar supplies. Moreover, it underscores the responsive mechanisms embedded within regulated stablecoin architectures. For investors and the crypto market, the event passed without disrupting the asset’s peg. This stability reinforces confidence in the underlying technology and reserve models. Ultimately, as stablecoins like PYUSD mature, transparent supply adjustments through burns will likely become normal operational events. They signal a dynamic market responding to real-world demand and sophisticated treasury management. The focus now shifts to subsequent attestation reports and any potential statements from Paxos or PayPal regarding the rationale behind this substantial supply reduction. FAQs Q1: What does it mean to ‘burn’ a stablecoin like PYUSD? Burning a stablecoin means permanently removing it from circulation by sending it to a cryptographic address from which funds cannot ever be retrieved. This reduces the total supply of the token and is typically done when the issuer redeems the token for its underlying collateral, like US dollars. Q2: Why would someone burn 301 million PYUSD? The most likely reason is that a large holder redeemed the tokens for US dollars with the issuer, Paxos. Following the redemption, Paxos would execute the burn to accurately reflect the reduced liability on its balance sheet and maintain the 1:1 reserve backing. Q3: Does burning PYUSD affect its price or dollar peg? In a properly functioning system, a burn should not directly affect the market price, which is maintained by arbitrage and redemption mechanisms. The price should remain at $1.00. The burn primarily affects the available on-chain supply for trading and DeFi use. Q4: Who is responsible for the PYUSD burn transaction? The transaction was sent from an unidentified wallet. However, the action is almost certainly authorized and executed by Paxos, the regulated issuer of PYUSD, as part of its treasury and supply management operations following a large redemption. Q5: How can the public verify that the burned PYUSD is truly gone? Anyone can verify the transaction on a public Ethereum blockchain explorer like Etherscan. The tokens are sent to a ‘burn address’ (e.g., 0x000…dead). This address is publicly known to have no accessible private key, providing cryptographic proof the assets are permanently locked. This post PYUSD Burned: Staggering 301 Million Stablecoin Erased in Major Supply Shock first appeared on BitcoinWorld .
bitcoinworld·13d ago
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AboutPayPal USD is designed to contribute to the opportunity stablecoins offer for payments and is 100% backed by U.S. dollar deposits, short-term U.S Treasuries and similar cash equivalents. PayPal USD is redeemable 1:1 for U.S. dollars and is issued by Paxos Trust Company.
Details
Categories
Arbitrum EcosystemEthereum EcosystemFiat-backed StablecoinMade in USAPaxos EcosystemSolana EcosystemStablecoinsStarknet EcosystemStellar EcosystemUSD Stablecoin
Date
Market Cap
Volume
Close
May 04, 2026
$3.4B
$60.08M
---
May 04, 2026
$3.4B
$39.85M
---
May 03, 2026
$3.39B
$24.54M
$0.9997
May 02, 2026
$3.38B
$70.62M
$0.9999
May 01, 2026
$3.37B
$57.27M
$0.9999
April 30, 2026
$3.37B
$101.69M
$0.9999
April 29, 2026
$3.45B
$30.56M
$0.9997
April 28, 2026
$3.43B
$55.15M
$0.9998
April 27, 2026
$3.45B
$37.83M
$1.00
April 26, 2026
$3.45B
$42.33M
$0.9997

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