PayPal’s PYUSD Stablecoin 40% Marketcap declines from $1 Billion Peak in August

Paypal’s token PYUSD, which is pegged to the dollar, has lost 40% of its market cap. Currently, the stablecoin’s market capitalization stands at $618 M. In the last days of August, the market cap of PYUSD reached a peak of $1B. At that time, it was the fourth-largest stablecoin. However, it’s currently seeing a drop.

Source: Cryptopolitan