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 the complete market, whereas the stablecoin marks an enlargement 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 true utility of decentralized finance (DeFi) by way of lending and borrowing.”
That is mirrored, for instance, in Aave, a decentralized finance (DeFi) protocol the place customers deposit property 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 nearly 10% of the full capitalization of the asset, suggesting that holders are usually not solely holding the stablecoin passively, however are actively searching for to work together with yield instruments on the community.
PayPal cryptocurrency goes in opposition to USDT
PYUSD, launched available on the market 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 habits of PYUSD stands out by diverging from the development of the primary stablecoin out there, 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.
