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Stablecoin Market & Adoption - PayPal's PYUSD circulating supply surged 113% month-over-month, reaching a record $254 billion [1] - PYUSD now settles more than $6 billion in weekly transfers [1] - PayPal's integration with Sparkdotfi has driven growth, with the protocol managing $485 million in PYUSD deposits and $237 million in active loans [1] Blockchain Distribution - PYUSD supply more than doubled on both Ethereum ($184 billion) and Solana ($624 million) since September [1]