[PayPal Stablecoin PYUSD Market Cap Rises from $1.2 Billion in September to $3.8 Billion Currently] According to Cryptopolitan, the market cap of PayPal's PYUSD stablecoin has surged from a low of $1.2 billion in September to approximately $3.8 billion currently. In November, PYUSD's supply increased by about 113%, and transaction volume grew by 150%, reaching 1.8 million transactions. Although PYUSD is relatively new compared to Tether's USDT and Circle's USDC, by the third quarter of 2025, this stablecoin is projected to become the second fastest-growing stablecoin, second only to Ethena's USDe (which grew 173% during the same period). This growth is primarily attributed to PayPal's extensive network.