Total PayPal USD in circulation amounted to $188.5 million in March, or 39% less than in February 2024.
PayPal USD (PYUSD) — a stablecoin issued by the payment giant PayPal and the cryptocurrency company Paxos — saw a significant circulation drop in March.
According to Paxos' latest PayPal USD transparency report, PYUSD circulation amounted to $188.5 million in March, or 39% less than in the previous month.
In February and January, PayPal USD circulation topped at $304 million and $301 million respectively.
