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# PayPal Expands PYUSD Stablecoin to 70 Global Markets as Market Cap Tops USD 4 Billion
- URL: https://www.theglobalbanker.com/paypal-expands-pyusd-stablecoin-to-70-global-markets-as-market-cap-tops-usd-4-billion/
- Published: 2026-03-17T18:16:00.000Z
- Updated: 2026-10-02T14:31:26.000Z
- Description: PayPal has expanded its PYUSD stablecoin to 70 markets globally as of March 2026, with a market cap of about USD 4.1 billion after supply roughly tripled in late 2025 on DeFi incentives.
- Author: TGB Editorial Team
- Tags: Fintech, Americas, Global, #archive

PayPal's PYUSD stablecoin is now available in 70 markets globally as of March 2026, the company confirmed. The market capitalisation of PYUSD reached about $4.1 billion by March 2026, up from roughly $1.2 billion in September 2025, a rise of more than three times over a period of roughly six months; PYUSD expanded cross-chain via LayerZero in September 2025.

The supply increase from approximately $1.2 billion to $3.8 billion between September and early December 2025 was driven mainly by PayPal-backed DeFi incentives, including yield on Solana-based lending protocols such as Kamino. 

#### COMPETITORS

PYUSD competes with Tether's USDT and Circle's USDC, both of which have larger market capitalisations.