Paypal USD (PYUSD) has grown heavily over the last few days, becoming the sixth-largest stablecoin. It entered the market in August 2023 and immediately grabbed everyone’s attention. It has been part of the top 10 stablecoin category, bringing 500,000 transactions to the network. Moreover, in a new milestone, its supply grew by $140.9M in 10 Days, making it the sixth-largest dollar-pegged token. On August 6, this token market valuation was around $651 million, which has now grown to over  $791.6 million on August 17.

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