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Tether Dominates Stablecoin Market As TRON Emerges As Key Infrastructure For USDT Transfers

Tether ($USDT) continues to reign supreme in the stablecoin market, with its market capitalization soaring to $112.5 billion in July 2024, up from $66.6 billion in January 2023. This remarkable growth highlights Tether’s sustained dominance in the sector. The stablecoin landscape has seen new entrants such as $PYUSD and $FDUSD,

Stablecoin Market Expands by $344M in 7 Days, Led by Paypal’s PYUSD Growth

While the stablecoin economy experienced tepid growth in June, it expanded by $344.15 million over the past seven days. Paypal’s PYUSD, currently the eighth largest stablecoin by market capitalization, led the growth over the past 30 days, increasing 41.2% to reach $585.25 million. Stablecoin Economy Grows as Bitcoin and Ethereum Prices Rise Bitcoin and ethereum

PYUSD Emerges as a Sleeper Hit on Solana with 61% Supply Surge

PayPal USD (PYUSD) is making waves in the cryptocurrency market with significant fluctuations on major blockchains. Analysts are closely observing these changes, which indicate evolving dynamics in the stablecoin sector. Noteworthy insights from industry insiders highlight the growing prominence of PYUSD, especially on the Solana blockchain. Discover the recent developments in the crypto world with

PYUSD sees dramatic 61% surge on Solana: Is ‘sleeper hit’ tag justified?

PayPal's PYUSD surges 61% on Solana but falls 7% on Ethereum. What's with these changing tunes?

PayPal's Stablecoin PYUSD Exceeds $500 Million Market Value! Which Altcoin Triggered the Rise? Here are the Details

The supply of PYUSD, payment giant PayPal's stablecoin pegged to the US dollar, exceeded half a billion dollars in a short time. Continue Reading: PayPal's Stablecoin PYUSD Exceeds $500 Million Market Value! Which Altcoin Triggered the Rise? Here are the Details

PYUSD Stablecoin Surpasses $500 Million Market Cap Following Expansion on Solana

PayPal’s stablecoin, PYUSD, has made significant strides since its launch in August 2023. Recent expansion into the Solana network significantly boosted its market capitalization. According to DeFiLlama, PYUSD’s market supply has surpassed half a billion dollars. Discover how PayPal’s stablecoin, PYUSD, skyrocketed to over $500 million market cap, driven by strategic moves and integration into

Solana (SOL) Defies Market Trends with Steady Growth Amidst PayPal’s PYUSD Integration

Solana, a prominent player in the smart contract arena, continues to thrive despite broader market volatility. The anticipation surrounding recent spot SOL ETF applications has contributed to this momentum. Notably, while many cryptocurrencies are hitting annual lows, Solana maintains its price stability around $140. Explore the dynamic factors keeping Solana ahead in the challenging crypto

PayPal’s PYUSD market cap hits $500m after Solana expansion

Ever since Paypal joined the Solana (SOL) ecosystem, the volume for its stablecoin has exceeded 300 million weekly trades. PayPal’s PYUSD stablecoin’s weekly transaction volumes have soared to over $500 million, a notable increase from its previous volume of $150…

PayPal PYUSD Stablecoin Supply Shot Up By 90% After Expanding To Solana Blockchain

The post PayPal PYUSD Stablecoin Supply Shot Up By 90% After Expanding To Solana Blockchain appeared first on Coinpedia Fintech News The PayPal PYUSD stablecoin supply in the market has shot up by 90% ever since it expanded to the Solana blockchain in May. Its market cap has surpassed $500 million as of July 8. Notably, 77% of its total supply i.e. $399 million is currently on Ethereum. The rest 23% i.e. $118 million is on …

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