PayPal’s PYUSD Market Cap Plummets by $400 Billion Amid Yield Declines

PayPal’s stablecoin, PYUSD, has experienced a dramatic decline in market capitalization over the past six weeks, going from over $1 billion to around $610 billion at the time of writing. Once a top four stablecoin, PYUSD’s value has plummeted from its August peak, suggesting a significant loss of investor confidence. The decline has been attributed […]