PayPal's USD stablecoin PYUSD has seen a significant increase in circulation over the past few months. Driven by DeFi protocols and incentives, it has grown to over $3.8 billion, marking approximately 224% growth in the past three months. It is now the world's sixth-largest stablecoin, trailing only World Liberty Financial's USD1. Decentralized protocol Ethena has become the largest holder of PYUSD, holding around $1.2 billion through custodian Copper. (DL News) https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=53193