PYUSD market cap falls 40% – Is there still hope for the stablecoin?

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 68%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

PayPal's stablecoin plummets 40%, battling fierce competition despite a staggering 375% year-over-year market surge.

Once ranked as the fourth-largest stablecoin, its press time market cap sat at $618 million, reflecting a sharp 40% reduction in just over a month.

In a notable milestone, its market capitalization doubled between July and August, surpassing $1 billion for the first time. Other SOL-based platforms, like Drift and Marginfi, which once offered similar high returns, have also adjusted their annualized rewards. This points to a broader trend of reduced incentives across these protocols.“PYUSD circulating supply has completely round tripped as the @KaminoFinance incentives they were blasting out have tapered off.”

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 22. in BE

Belgique Dernières Nouvelles, Belgique Actualités