The stablecoin PayPal USD (PYUSD), issued by the PayPal firm, consolidated, as we speak, February 24, a brand new all-time excessive in its market capitalization, reaching $4.1 billion.
This development happens in a context of “crypto winter” that has affected your complete market, whereas the stablecoin marks an growth of 13% from the three,631 million {dollars} registered on January 4.
In that sense, PayPal famous that the stablecoin is “increasing entry to on-chain liquidity and the actual utility of decentralized finance (DeFi) by means of lending and borrowing.”
That is mirrored, for instance, in Aave, a decentralized finance (DeFi) protocol the place customers deposit belongings to acquire returns or use them as collateral.
Relating to this integration, the DeFi platform reported that final January la stablecoin had reached 400 million {dollars} deposited.
This determine represents virtually 10% of the overall capitalization of the asset, suggesting that holders usually are not solely holding the stablecoin passively, however are actively looking for to work together with yield instruments on the community.
PayPal cryptocurrency goes in opposition to USDT
PYUSD, launched in the marketplace in 2023, is present process a progressive acceleration that was consolidated in 2025, the 12 months during which its capitalization skilled a leap of 650% in simply 12 months, as reported by CriptoNoticias.
This momentum has consolidated the PayPal asset, which is already the sixth largest stablecoin. The conduct of PYUSD stands out by diverging from the pattern of the principle stablecoin available in the market, whereas the PayPal asset strengthens, the capitalization of Tether (USDT) has registered a fall, going from 187 billion {dollars} on January 1 to 183 billionas we speak, February 24.
