PayPal USD Circulation Surpasses 2.6 Billion Tokens
- PayPal USD circulation hits new high, increasing by 125.5%.
- Reported by KPMG, endorsed by Paxos.
- Changes affect Ethereum-based DeFi markets.
The circulation of PayPal USD (PYUSD) has surpassed 2.6 billion tokens as of mid-October 2025, rising by 125.5% since August. This expansion is supported by KPMG’s assurance report, confirming collateral of $2,652,728,424.
PayPal USD (PYUSD) has surpassed a circulation of 2.6 billion tokens by mid-October 2025, marking a 125.5% increase since August, according to a KPMG report . Paxos Trust Company issued this stablecoin on behalf of PayPal Inc.
Stablecoin growth highlighted by PayPal USD’s increasing circulation indicates enhanced liquidity and DeFi activity on Ethereum’s network, yet price effects remain unclear.
“The growing use of stablecoins is driving a significant increase in on-chain activity on both Ethereum’s Layer 1 and Layer 2 networks, but this fundamental improvement has not yet been fully reflected in market prices.” — Tom Lee, Managing Partner, Fundstrat
Paxos Trust Company has confirmed that the total circulation of PYUSD exceeded 2.6 billion tokens. This shows a 125.5% surge since August. Data in the KPMG attestation report corroborates their role in issuing PYUSD for PayPal.
The increase in the PYUSD supply is expected to lead to greater liquidity across Ethereum’s networks. Such surges often increase liquidity in DeFi applications. However, despite this increase, market prices have not significantly adjusted.
Financial and market implications may include increased liquidity in lending and swap platforms. Paxos reported $2,652,728,424 in backing collateral, supporting the current PYUSD supply. This emphasizes ongoing commitment to collateralization standards critical for market stability.
The broader implications of such circulation events could lead to shifts in DeFi market dynamics. Historical trends suggest stablecoin expansions often facilitate increased blockchain activity. Regulators have not released new updates, but sector monitoring remains vital.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Updates: Crypto Market Faces Collapse as $217M in Leveraged Positions Are Liquidated
- A top Bitcoin whale with a "100% win rate" suffered its first loss, liquidating a $250M BTC long position at $12.68M after 24 hours. - The liquidation occurred amid a $217M global crypto crash, with Bitcoin falling below $113K and Ethereum under $4K due to leveraged trading cascades. - Geopolitical shifts (U.S.-China tensions easing) and a 97.8% chance of Fed rate cuts created conflicting market pressures, while other whales added leveraged ETH positions. - Analysts warn of leveraged position fragility,
Bitcoin News Update: Undefeated Crypto Whale Faces Initial Setback, Highlighting Dangers of Leverage in Unstable Markets
- A "100% win rate" crypto whale suffered its first loss, liquidating a $2.5B BTC long at a $12.68M loss amid market volatility. - The whale now holds 10x leveraged ETH and SOL positions, while other whales scale BTC/ETH longs or open large ETH shorts via 25x leverage. - 24-hour price swings erased $600M in leveraged positions, with Bitcoin's long/short ratio stabilizing but "fragile sentiment" persisting. - Altcoin whales show divergent strategies, including a HYPE insider boosting 5x leveraged longs desp
Ethereum News Update: Individual Investors and Large Holders Face Off While Meme Coins Tackle a Turbulent 2025 Surge
- Meme coin market surges in 2025 as SPX6900 and Pudgy Penguins (PENGU) attract retail/institutional investors amid $1 price thresholds. - SPX6900 rose 13.61% with $42M volume growth, but whale selling risks $1.06 pullback despite strong derivatives activity. - Pudgy Penguins accumulates 2.8M tokens near $0.02 support, balancing NFT sales declines with Ethereum's rebound and holder retention. - MoonBull's absence from analyses highlights meme coin speculation, contrasting SPX6900/PENGU's on-chain clarity a
MetaMask’s $30 Million Reward Program Faces Off Against Bittam’s Bold Incentive Offers
- MetaMask launches $30M rewards program with tiered benefits for trading, referrals, and cross-chain activities to boost user engagement. - Competes with Bittam's $3,000 new user bonuses and 200× leverage, focusing on retention through gamified points and exclusive perks. - Expands multichain support for EVM, Solana, and Bitcoin in MetaMask Mobile 7.57, integrating Linea's Layer 2 for fee discounts and token allocations. - Potential "MASK" token speculation rises as Polymarket odds hit 35% for 2025 launch
Trending news
MoreCrypto prices
More
