Stablecoin Market Dips 2.7% as PYUSD Rewards Decline Impacts Growth
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The stablecoin market, currently valued at $170.93 billion, dropped 2.7% since its August 30th high. Although the overall stablecoin supply grew 100x since 2019, recent changes reveal shifts in specific stablecoins. The market dip coincides with a 40% decline in the market cap of PayPal’s PYUSD stablecoin. As PYUSD rewards fell from an initial 17% The post Stablecoin Market Dips 2.7% as PYUSD Rewards Decline Impacts Growth appeared first on Coin Edition .
Source: Coin Edition
