According to 36 Crypto, PayPal’s stablecoin PYUSD has surged in adoption, expanding its market capitalization from $1.28 billion in September to $3.8 billion as of December 3, 2025. The growth is attributed to cross-chain access via Solana and Arbitrum through Layer Zero, as well as PayPal’s new P2P 'links' feature, which allows users to send money via one-time links. These developments have improved liquidity, transaction speed, and user convenience, pushing PYUSD to the sixth-largest stablecoin by market cap, surpassing Ripple USD.
PYUSD Surges to $3.8B Market Cap as Cross-Chain Access and P2P Features Drive Adoption
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