PayPal stablecoin registers 200% growth as top player faces regulatory pressure

PayPal USD (PYUSD), the stablecoin launched by PayPal, has recorded 216% growth in under 90 days, with new data from DeFiLlama showing a sharp increase in the stablecoin’s circulation and on-chain usage. The expansion comes at a moment when sentiment around stablecoin issuers is shifting, especially as Tether faces renewed regulatory scrutiny. PayPal USD surges to sixth-largest stablecoin As of September 2025, PayPal USD had a market capitalization of $1.28 billion. In less than three months, increased ...