How Paypal Is Racing To Keep Its Lead In Stablecoins With PYUSD
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Promote with Leviathan NewsLess than 1% of stablecoin activity is actual payments, so PayPal has the one distribution channel most issuers are still trying to fake: merchant checkout. PYUSD is only ~$2.7B outstanding on DeFiLlama, mostly Ethereum/Solana/Arbitrum, but a 4% in-app reward and rollout to ~70 markets can turn dormant wallet balances into subsidized settlement inventory. DeFi adoption is the weak leg; without deeper routing, lending, and collateral markets, PYUSD remains PayPal balance-sheet plumbing with a token wrapper.
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