PayPal's PYUSD stablecoin has experienced a significant increase in its circulating supply, surging 113% month-over-month to reach $2.54 billion as of October 3, 2025. This growth positions PYUSD as the seventh-largest stablecoin in the market. The distribution includes $1.84 billion on the Ethereum network and $624 million on Solana. The stablecoin's total transfer volume has approached $60 billion, with a notable daily peak of $2 billion recorded on September 26. This surge reflects growing adoption and usage of PYUSD across different blockchain platforms.