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Paxos Unleashes Fresh $100 Million PYUSD Supply on Ethereum Network
In a significant move tracked by blockchain monitoring platforms, Paxos has issued an additional 100 million PYUSD tokens on the Ethereum blockchain, representing approximately $100.04 million in newly minted stablecoins.
The surge in PYUSD supply underscores growing demand for PayPal’s native stablecoin solution. With its current market price holding steady at $1.00 per token, PYUSD continues to maintain the stability characteristic essential for stablecoin utility in decentralized finance applications.
This latest issuance reflects Paxos’s strategic approach to ensuring adequate liquidity within the PYUSD ecosystem. The move aligns with the platform’s broader efforts to expand the accessibility and availability of its PayPal USD offering across major blockchain networks.
The expansion of PYUSD’s on-chain presence demonstrates the ongoing institutional push toward establishing reliable stablecoin infrastructure. As more capital flows into digital asset ecosystems, having well-capitalized stablecoin options from reputable issuers like Paxos becomes increasingly critical for facilitating seamless transactions and maintaining market confidence.