PayPal's Stablecoin PYUSD Surpassed $1B Market Cap in Less Than a Year, Issuer Paxos Celebrates the Feat

PYUSD's issuer Paxos celebrated the feat, highlighting how fast the stablecoin crossed the important mark when compared to its peers, USD Coin (USDC) and Tether USD (USDT).

PayPal’s stablecoin, pegged to the U.S. dollar and dubbed PYUSD, has crossed the $1 billion market cap threshold in less than a year since its launch.

On Aug. 24, PYUSD's issuer Paxos highlighted the achievement in an X (formerly Twitter) post. The stablecoin began trading on Aug. 29, 2022.

CoinGecko data shows that PYUSD took 351 days to cross the billion threshold, outpacing peers such as USD Coin (USDC) and Tether USD (USDT), which took 616 and 1024 days, respectively.

no(?ɪ)ˈsɪˌbɪl

adj.

(of a sound, especially a consonant) able to be prolonged in pronunciation.

(chiefly Phonetics) denoting a consonant that can be pronounced with friction.

(chiefly Phonetics) denoting a speech sound that is produced with a turbulent airflow through the vocal tract.

(chiefly Phonetics) denoting a speech sound that is produced with a turbulent airflow through the vocal tract and can be prolonged in pronunciation, especially a consonant.

(chiefly Phonetics) denoting a speech sound that is produced with a turbulent airflow through the vocal tract and can be pronounced with friction, especially a consonant.

(chiefly Phonetics) denoting a speech sound that is produced with a turbulent airflow through the vocal tract and can be pronounced with friction or can be prolonged in pronunciation, especially a consonant.

(chiefly Phonetics) denoting a speech sound that is produced with a turbulent airflow through the vocal tract and can be pronounced with friction or can be prolonged in pronunciation or both, especially a consonant.

(chiefly Phonetics) denoting a speech sound that is produced with a turbulent airflow through the vocal tract and can be pronounced with friction or can be prolonged in pronunciation or both or can be pronounced nasally, especially a consonant.

(chiefly Phonetics) denoting a speech sound that is produced with a turbulent airflow through the vocal tract and can be pronounced with friction or can be prolonged in pronunciation or both or can be pronounced nasally or can be pronounced laterally, especially a consonant.

(chiefly Phonetics) denoting a speech sound that is produced with a turbulent airflow through the vocal tract and can be pronounced with friction or can be prolonged in pronunciation or both or can be pronounced nasally or can be pronounced laterally or can be pronounced centrally, especially a consonant.

(chiefly Phonetics) denoting a speech sound that is produced with a turbulent airflow through the vocal tract and can be pronounced with friction or can be prolonged in pronunciation or both or can be pronounced nasally or can be pronounced laterally or can be pronounced centrally or can be pronounced back, especially a consonant.

(chiefly Phonetics) denoting a speech sound that is produced with a turbulent airflow through the vocal tract and can be pronounced with friction or can be prolonged in pronunciation or both or can be pronounced nasally or can be pronounced laterally or can be pronounced centrally or can be pronounced back or can be pronounced front, especially a consonant.

(chiefly Phonetics) denoting a speech sound that is produced with a turbulent airflow through the vocal tract and can be pronounced with friction or can be prolonged in pronunciation or both or can be pronounced nasally or can be pronounced laterally or can be pronounced centrally or can be pronounced back or can be pronounced front or can be pronounced high, especially a consonant.

(chiefly Phonetics) denoting a speech sound that is produced with a turbulent airflow through the vocal tract and can be pronounced with friction or can be prolonged in pronunciation or both or can be pronounced nasally or can be pronounced laterally or can be pronounced centrally or can be pronounced back or can be pronounced front or can be pronounced high or can be pronounced low, especially a consonant.

(chiefly Phonetics) denoting a speech sound that is produced with a turbulent airflow through the vocal tract and can be pronounced with friction or can be prolonged in pronunciation or both or can be pronounced nasally or can be pronounced laterally or can be pronounced centrally or can be pronounced back or can be pronounced front or can be pronounced high or can be pronounced low or can be pronounced diphthongoid, especially a consonant.

(hauptsächlich Phonetik) bezeichnet einen Sprachlaut, der durch einen turbulenten Luftstrom durch den Stimmtrakt erzeugt wird und mit Reibung ausgesprochen werden kann oder in der Aussprache verlängert werden kann oder beides oder nasal ausgesprochen werden kann oder seitlich ausgesprochen werden kann oder zentral ausgesprochen werden kann oder kann hinten ausgesprochen werden oder kann vorne ausgesprochen werden oder kann hoch ausgesprochen werden oder kann tief ausgesprochen werden oder kann diphthongoid ausgesprochen werden oder kann triphthongoid ausgesprochen werden, insbesondere ein Konsonant.

(hauptsächlich Phonetik) bezeichnet einen Sprachlaut, der durch einen turbulenten Luftstrom durch den Stimmtrakt erzeugt wird und mit Reibung ausgesprochen werden kann oder in der Aussprache verlängert werden kann oder beides oder nasal ausgesprochen werden kann oder seitlich ausgesprochen werden kann oder zentral ausgesprochen werden kann oder kann ausgesprochen werden

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