• PayPal’s USD stablecoin (PYUSD) supply surges 216% in under 90 days amid booming Web3 usage and integrations.
• Market cap jumps from $1.28 billion to $3.8 billion, boosted by PayPal’s multichain expansion on Solana and Arbitrum.
• New PayPal “links” service and listings on KuCoin and Venmo drive wider PayPal’s USD stablecoin adoption.

PayPal’s USD stablecoin (PYUSD) is currently experiencing one of the fastest growth periods in its history, with a 216% surge in supply in under 90 days. This shows that the stablecoin’s usage across Web3 applications has increased sharply. The data was shared by DeFiLlama in one of its recent updates on X.

PYUSD Climbs With Multichain Growth

Back in September 2025, PYUSD’s market capitalization stood at approximately $1.28 billion. However, due to considerable engagement from users and more integrations launched, PayPal’s USD stablecoin market cap has skyrocketed to $3.8 billion.

The key contributing factor in this increase has been PayPal’s multichain strategy. The firm has further developed ‘PYUSD’ in Solana and Arbitrum through LayerZero tech. This would allow smooth transactions between different blockchains. This has increased the usability of ‘PYUSD’ in payment transactions and other smart contracting functions.

The timing of this release also corresponds with the unveiling of PayPal’s new peer-to-peer service titled “links.” This service provides users with the functionality of sending money using only one-time links, ensuring that the process of sending payments through chats or social applications becomes effortless. Many users who rely on sending crypto payments chose PayPal’s USD stablecoin.

The current momentum of PYUSD has brought this project into the limelight. Currently, PYUSD ranks 28th in the overall cryptocurrency list in terms of market cap and has made its way into the sixth-largest stablecoin in the world. It has also surpassed the market cap of Ripple’s stablecoin, RLUSD, which currently stands at $1.26 billion.

PYUSD Gains Momentum Via KuCoin and Venmo

The surge in use of the stablecoin isn’t only attributable to the increase in blockchain technologies; PayPal has also been expanding its reach across platforms. PayPal’s USD stablecoin was recently listed on the KuCoin exchange, which increased its reach. The stablecoin has also been integrated into Venmo, allowing users to receive digital dollars.

In October 2025, PayPal launched a partnership with OpenAI that would allow the PayPal wallet to be embedded in the ChatGPT interface in 2026. This would be the first payment platform available in the AI system.

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PayPal Expands PYUSD to Stellar

Another significant step in the right direction is also imminent. PayPal’s CEO, Alex Chriss, recently confirmed that PYUSD would be launched on the Stellar network soon after overcoming regulatory requirements. This milestone would make payments and money transfer services even more accessible and easier through digital dollars in terms of reduced costs and confirmation time.

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