Summary
- AlphaFold reported that the market cap of PayPal’s stablecoin, PayPal USD (PYUSD), is nearing $1 billion.
- It was stated that the issuance of PYUSD continues to rise on the Ethereum (ETH) and Solana (SOL) networks.
- It was reported that the U.S. Securities and Exchange Commission (SEC) concluded its investigation into PYUSD.
The market capitalization of PayPal’s USD-backed stablecoin, PayPal USD (PYUSD), is reportedly nearing $1 billion.
On the 9th (local time), AlphaFold announced via X (formerly Twitter) that "the issuance of PYUSD on both the Ethereum (ETH) and Solana (SOL) networks continues to increase," adding, "the current market cap is close to the $1 billion level."
Earlier in April, the U.S. Securities and Exchange Commission (SEC) was reported to have concluded its investigation into PYUSD.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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