PayPal USD Surges 216% in Under Three Months: Key Supply Metric Soars

PayPal USD (PYUSD), the stablecoin backed by PayPal, has experienced explosive growth, soaring 216% in less than 90 days. This remarkable surge is being attributed to increased usage and adoption within the cryptocurrency ecosystem, particularly driven by the integration of cross-chain capabilities through Layer Zero. 🤯 DeFiLlama, a platform specializing in DeFi analytics, highlights this significant increase in supply on X.