Quietly, @PayPal PYUSD circulating supply has surged 113% month-over-month to reach a record $2.54B. The stablecoin now settles more than $6B in weekly transfers. PayPal's recent integration with @sparkdotfi has helped drive this growth, as the protocol already manages $485M of PYUSD deposits and $237M of active loans. Interestingly, supply more than doubled on both Ethereum ($1.84B) and Solana ($624M) since September. h/t @tokenterminal
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