- PYUSD adoption accelerates fast as cross-chain access strengthens market demand.
- PayPal’s stablecoin surges after new links feature boosts daily usage.
- Rising liquidity pushes PYUSD ahead of competitors in stablecoin rankings.
PayPal USD is gaining strong traction across Web3 as its circulation accelerates at a remarkable pace. Market participants have observed a sharp rise in activity, which reflects growing reliance on PYUSD for trading and everyday crypto payments.
According to DeFiLlama, the stablecoin expanded its supply by 216% in less than ninety days. PYUSD rose from a market capitalization of $1.28 billion in September to $3.8 billion, indicating a major shift in user adoption across several networks.
Besides this significant climb, PYUSD benefited from PayPal’s expansion to Solana and Arbitrum through Layer Zero. This move improved liquidity across chains and encouraged users to transfer funds more efficiently. It also strengthened the stablecoin’s visibility among traders who prioritize fast and reliable settlement.
Moreover, PayPal’s new P2P feature, known as links, played a key role in widening PYUSD’s reach. The feature allows users to send money through a one-time link, which creates more incentive for customers to hold PYUSD for transactions. Hence, many analysts believe that the added convenience helped drive the latest surge in usage.
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Cross-Chain Momentum Builds Pressure In Stablecoin Rankings
Consequently, PYUSD has advanced in the broader stablecoin rankings as adoption continues to rise. It now stands as the sixth-largest stablecoin by market capitalization, placing it above the Ripple USD stablecoin that holds $1.26 billion. The widening distance highlights strengthening confidence among users who are shifting to stablecoins backed by established payment firms.
Additionally, growing interest in secure settlement options has pushed more users toward PYUSD. Its presence across multiple blockchains offers a predictable and simple choice for holders who want reliable transfers without complicated steps.
Significantly, the recent momentum has drawn attention from observers tracking liquidity across DeFi. Many attribute the surge to expanding utility rather than speculative demand, which supports the view that PYUSD is becoming part of regular digital payment activity.
Furthermore, the integration with Solana increased transaction speed, while Arbitrum reduced costs for users transferring funds. These practical advantages have strengthened PYUSD’s appeal across the wider crypto market.
PYUSD’s rapid acceleration reflects shifting preferences among stablecoin users who seek strong backing and cross-chain flexibility. The trend also shows that broad network access is becoming a central factor in stablecoin adoption.
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