PYUSD Stablecoin Market Cap Crosses $1.8B, PayPal USD Now Ranks 53

• PYUSD market cap has surpassed the milestone of $1.8 billion.
• PayPay USD stablecoin now ranks 53rd across the list of global cryptocurrencies.
• Tether USDT continues to dominate the segment of stablecoins.

The market cap of PYUSD, a stablecoin backed by PayPal, has surpassed the mark of $1.8 billion. It now ranks 53rd on the list of global cryptocurrencies, just behind Cosmos (ATOM). Tether USDT continues to dominate the stablecoin market and is closely followed by USDC. PayPal USD has achieved the milestone at a time when crypto prices have been in turmoil for the last couple of days.

PayPal USD, PYUSD, Market Cap Breaches $1.8B

The market cap of PYUSD has crossed a major milestone of $1.8 billion. It was hovering below $1.5 billion as of September 24, 2025. The current jump is precisely what makes the highlight exciting. The market cap of PayPal USD, a stablecoin, surged by 3.95% over the last 7 days. PYUSD now ranks 53rd on the list of global cryptocurrencies.

PayPal USD is just behind USDT1, a stablecoin backed by World Liberty Financial USD. The market cap of USDT1 is $2.6 billion at the moment. In comparison to all the cryptocurrencies, PYUSD is behind Cosmos ATOM whose market cap is 1.9 billion. The difference is rather marginal enough to create a possibility for PYUSD to rise another rank.

Dominance of Tether USDT

USDT, a stablecoin by Tether, continues to dominate the list of global stablecoins. Its market cap is $173.53 billion when the article is being drafted. A stablecoin that comes closest to Tether is USDC, with a market cap of $73.9 billion. It is ranked 7th on the list of global cryptos.

Ethena USDe is the third-ranked stablecoin with a market cap of $14 billion. It is followed by DAI with a market cap of $5.3 billion. More such tokens on the list of top cryptocurrencies are FDUSD, RLUSD, and TUSD. Needless to say, they are all backed by the US Dollar.

Global Cryptocurrencies in Turmoil

PayPal USD, or PYUSD, is seeing a rise in its market cap at a time when cryptocurrencies across the globe are feeling sluggish pressure. BTC, the flagship cryptocurrency, is down by 2.22% over 24 hours, trading at $109,329.15. ETH is also down by 2.09% during the same time window to a value of $3,944.57. Their market cap stands at $2.1 trillion and $476 billion, respectively, right now.

BNB saw the highest loss of 5.44%, followed by SOL’s decline of 4.46%, and XRP’s by 3.31%. The crypto market is making bearish moves despite last week’s announcement of a 25 bps rate cut by the US Federal Reserve.

It is important to note that the contents of this article are neither recommendations nor advice for crypto trading and investment. Do research and risk assessment.

Highlighted Crypto News Today:

Solana Hits Oversold Territory After 20% Drop – Time to Buy the Dip?