Paypal's stablecoin PYUSD reaches $1 billion market value in one year

On August 26, Paypal's stablecoin PYUSD announced that it had broken the $1 billion mark for the first time since its launch in August 2023. PYUSD was originally launched on Ethereum, but later underwent a major shift, with most of its tokens now issued on Solana. The latest data shows that as of August 26, 2024, PYUSD's market value has reached $1,008,546,868, setting a new milestone. PayPal USD reached this milestone almost twice as fast as USDC and three times as fast as USDT.