The market capitalization of PayPal's stablecoin PYUSD has risen from $1.2 billion in September to $3.8 billion currently.

PayPal's PYUSD stablecoin has seen its market capitalization surge from a low of $1.2 billion in September to approximately $3.8 billion currently. In November, PYUSD's supply increased by about 113%, and trading volume increased by 150%, reaching 1.8 million transactions.