PayPal’s PYUSD Stablecoin Grows to $3.8B Amid LayerZero Expansion and Yield Regulation Questions

PayPal's PYUSD stablecoin has experienced rapid growth, surging from $1.2 billion in September to $3.8 billion in market capitalization by Q4 2025, driven by supply increases and blockchain expansions. This positions it as the second-fastest growing stablecoin in Q3, behind Ethena's USDe. PYUSD supply grew 113% in November 2025, with transactions rising 150% to 1.8 [...]