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PayPal stablecoin PYUSD supply breaks through 500 million

The total market supply of PayPal's dollar-pegged stablecoin, PYUSD, has surpassed 500 million, and in the past month alone, the supply of stablecoins has increased from 270 million to more than 533 million. It is reported that the increase in supply of PYUSD is due to its expansion to the Solana network in May.