Capital goes where money flows best
Today, PayPal has chosen @Aptos as the sole Move chain to launch #PYUSD0 — this "payment-grade" stablecoin, backed by PayPal's 434 million active users and over $1.2 billion in TVL, is a hardcore endorsement of the Aptos stablecoin ecosystem.
Now, Aptos officially joins Ethereum, Solana, Avalanche, and other L1s as a core public chain matrix for PYUSD0.
Aptos currently has over $1.2 billion in stablecoin circulation, making it a common home for the three major stablecoins: USDT, USDC, and USDe.
USDT → 880 million
USDC → 240 million
USDe → 43 million
Various protocol stablecoins → 40 million
The addition of PYUSD0 is helping Aptos become the most competitive stablecoin aggregation hub in the world 💦
🚨 @PayPal launches PYUSD0 via @LayerZero_Core & @StargateFinance on Aptos
Capital goes where money flows best, and today acts as another proof point as PayPal selects Aptos as the only Move-based chain for PYUSD0 at launch.
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