PayPal’s PYUSD Supply Crosses $4 Billion

PayPal’s PYUSD stablecoin crossed $4 billion in total market capitalization this month, while its supply on Layer 2 Arbitrum One rose enough to rank it the network’s fourth-largest stablecoin.

According to data compiled by consulting firm Entropy Advisors, Arbitrum now has over $220 million worth of PYUSD circulating on the network, next only to USDAI, USDC and USDT. DefiLlama data records the PYUSD supply on Arbitrum at $256.6 million.

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