In a notable development for the cryptocurrency landscape, PayPal USD (PYUSD) has seen its circulation soar to over 26 billion tokens by mid-October 2025. According to the official information, this remarkable growth, amounting to a staggering 1255% increase since August, highlights the rising demand for stablecoins in the digital economy.
Surge in PYUSD's Supply
The surge in PYUSD's supply is underpinned by a recent assurance report from KPMG, which confirms a backing collateral of approximately $2.65 billion. This substantial backing is expected to bolster liquidity across Ethereum's networks, potentially facilitating smoother transactions and interactions within the ecosystem.
Impact on Market Prices
Despite the increase in stablecoin usage, the impact on market prices remains ambiguous. Analysts note that while the heightened supply of PYUSD is driving greater on-chain activity, particularly within decentralized finance (DeFi) applications, there have not been significant price adjustments in the broader cryptocurrency market. This trend suggests that while stablecoins like PYUSD are gaining traction, their influence on price dynamics may take time to materialize.
As the cryptocurrency landscape evolves, the token BONK is currently showing signs of a potential breakout with a symmetrical triangle formation. For more details, see the full article here.
