The KelpDAO exploit triggered a sharp DeFi deleveraging cycle, pushing nearly $892 million out of the stablecoin market in seven days. USDT strengthened its dominance, while Ethena’s USDe saw the steepest contraction.
PayPal announces PYUSD, a fully backed stablecoin issued by Paxos, marking the first major financial firm to enter the stablecoin space. CEO Dan Schulman envisions PYUSD as part of the global payment infrastructure, initially supporting crypto trades and in-app payments, with future plans for cross-border remittances.
As of March 2026, the stablecoin market exceeds $300 billion with annual transfer volume over $33 trillion. This article explores the top 10 stablecoins by market cap, their features, use cases, pros/cons, and investment criteria.
The stablecoin market has surpassed $300 billion, with annual transfer volume above $33 trillion. USDT and USDC remain dominant, while USDe, DAI, and newer entrants such as USD1 compete across yield, decentralization, and compliance.
Stablecoins have grown into a core layer of crypto infrastructure in 2026, with market capitalization above $300 billion and annual transfer volume exceeding $33 trillion. USDT and USDC remain dominant, while USDe and DAI/USDS highlight new models in yield and decentralization.
PayPal’s stablecoin PYUSD has a circulating supply of 3.59 billion, fully backed by US dollar deposits and Treasuries. This article explores its mechanism, history, investment potential, differences from USDT, and PayPal’s revenue model.
PYUSD is PayPal’s U.S. dollar-backed stablecoin issued by Paxos, designed for payments, transfers, and broader digital asset use across PayPal and compatible crypto wallets.
PYUSD is PayPal’s U.S. dollar-pegged stablecoin, issued by Paxos and backed by dollar deposits, short-term Treasuries, and cash equivalents for payments, transfers, and digital asset use.
