Products
Trading Strategies
Markets
© 2025 Edgen Powered by
Ask AI About PYUSD
No Data Yet
The price of the MORPHO token rose 15 percent intraday on April 1, 2026, following the launch of a new vault for PayPal’s pyUSD stablecoin on the Morpho Protocol, a decentralized finance (DeFi) lending platform on Ethereum. Data from the crypto analytics platform CoinGecko shows the MORPHO price reached a high of $0.58 during the European trading session. The integration of pyUSD, a stablecoin backed by PayPal and issued by Paxos, allows users to lend and borrow the asset on Morpho’s platform, according to a statement from the project. The addition of the pyUSD vault is expected to increase liquidity and user trust in the Morpho protocol. According to data from DefiLlama, Morpho’s Total Value Locked (TVL) stood at $1.1 billion prior to the announcement. The pyUSD integration could attract new users seeking to utilize the stablecoin within the DeFi ecosystem, potentially leading to a higher TVL. This move places Morpho in a competitive position within the DeFi lending market, which includes established players like Aave and Compound. The protocol's ability to attract and retain liquidity for prominent stablecoins like pyUSD will be a key factor in its long-term growth and the sustained price momentum of its native MORPHO token. This article is for informational purposes only and does not constitute investment advice.
PYUSD Reaches $4.1B Market Cap With Global Expansion PayPal has significantly broadened the accessibility of its stablecoin, PYUSD, extending its availability to 70 countries. The expansion moves beyond its initial markets in the United States and the United Kingdom to include new regions across South America, Africa, and Asia. This strategic push has fueled rapid growth since the stablecoin's 2023 launch, with its market capitalization increasing more than fivefold to $4.1 billion. According to data from CoinGecko, this growth has positioned PYUSD as the seventh-largest stablecoin in the world. Expansion Targets Remittances and Emerging Market Stability The move is designed to integrate PYUSD into the global cross-border payments landscape, offering a lower-cost alternative for remittances. For the first time, users in these new markets can hold, send, and receive the USD-pegged digital asset directly through their PayPal wallets. This provides a crucial tool for users in emerging economies to maintain a digital dollar balance, shielding their funds from potential local currency volatility. In countries where wallet balances were not previously supported, users can now store funds instead of being required to withdraw them immediately. While details on international yield are pending, U.S. users currently earn around 4% annually on their holdings, signaling a potential incentive for global adoption and increasing competitive pressure on incumbents like Tether and Circle.
PayPal Partners with MoonPay and M0 to Launch PYUSDx Payment giant PayPal is partnering with crypto infrastructure firm MoonPay and stablecoin platform M0 to launch PYUSDx, a new framework scheduled for release next month. The product empowers developers to create and issue their own application-specific stablecoins, which will be backed by reserves of PayPal USD (PYUSD). This collaboration aims to significantly reduce the technical and operational complexity for developers, combining M0's digital token platform with MoonPay's infrastructure to streamline the launch of new tokens. The new framework offers features such as fast launch speeds, cross-chain compatibility, and the ability for developers to create their own branded stablecoins. "The next phase of stablecoin adoption is happening at the application layer," said May Zabaneh, PayPal’s head of crypto, emphasizing the goal of removing the need for developers to build monetary infrastructure from scratch. PYUSD Aims for Reserve Status with $4.2B Market Cap The introduction of PYUSDx marks a strategic pivot for PayPal USD, expanding its function from a simple payment token to a foundational reserve asset. With a current market capitalization of $4.2 billion, PYUSD is the sixth-largest stablecoin, and this initiative positions it to anchor a new ecosystem of digital assets. By enabling other stablecoins to be built upon its foundation, PayPal is working to embed its dollar-pegged token deeper into the Web3 developer ecosystem. This move intensifies competition in the stablecoin sector, where major technology firms are also vying for dominance. The first developer announced to be building on the platform is USD.ai, a decentralized finance protocol that will use PYUSDx to issue a stablecoin specifically for AI infrastructure. Key Limitations Clarified for New Tokens While PYUSDx facilitates the creation of new tokens, the announcement stressed a critical distinction for end-users. The application-specific stablecoins generated through the platform are entirely separate from PayPal USD itself. Consequently, these new tokens cannot be used, sent, or stored within native PayPal or Venmo accounts. Their utility is confined to the specific applications for which they are designed, separating their ecosystem from PayPal's core consumer-facing payment platforms.
PYUSD Market Cap Reaches $4 Billion in February 2026 PayPal's stablecoin, PYUSD, achieved a total market capitalization of $4 billion in mid-February 2026, cementing its position as a formidable player in the digital currency landscape. This milestone reflects growing market trust and user adoption of the payment processor's stablecoin since its launch. The steady increase in valuation indicates a successful strategy in capturing a share of the stablecoin market, challenging established issuers and signaling a deeper commitment from traditional finance companies into Web3 infrastructure. Arbitrum Supply Exceeds $220 Million on Permian Labs Deal A significant driver of this growth stems from PYUSD's expanding footprint within decentralized finance ecosystems, particularly on the Arbitrum network. The supply of PYUSD on Arbitrum climbed above $220 million, establishing it as the fourth-largest stablecoin on the popular Layer-2 scaling solution. This rapid integration is attributed to a partnership with Permian Labs, the developer behind the USDai protocol. The collaboration has increased PYUSD's utility and liquidity within Arbitrum's DeFi ecosystem, showcasing a successful model for deploying traditional financial assets on-chain.
PayPal USD (PYUSD) current price is $1.00, up 0.01% today.
PayPal USD (PYUSD) daily trading volume is $131.4M
PayPal USD (PYUSD) current market cap is $3.9B
PayPal USD (PYUSD) current circulating supply is 3.9B
PayPal USD (PYUSD) fully diluted market cap (FDV) is $3.9B
PayPal USD (PYUSD) is founded by Alex Chriss