PayPal's PYUSD stablecoin is on the verge of reaching a $1 billion market cap, having doubled since the beginning of 2025. Despite facing tough competition in the stablecoin market, with new players supported by major financial institutions, PYUSD's adoption rates remain relatively low and its supply is heavily concentrated. Launched in Q3 of 2023, PYUSD initially struggled to gain traction but has seen a resurgence in 2025 due to increased demand and growing trust in stablecoins. Recent data indicates that PYUSD's market cap has surged to $984 million by June, up from $490 million at the start of the year. The token has also shown significant growth in circulating supply on both Ethereum and Solana blockchains, marking a milestone in PayPal's DeFi expansion strategy. Despite these positive developments, concerns persist over the high concentration of PYUSD among large holders, which could impact liquidity and stability in the future. Read more AI-generated news on: https://app.chaingpt.org/news

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