PayPal's stablecoin, PayPal USD (PYUSD), has reached a new all-time high supply of $4.3 billion, marking a significant milestone in its global expansion strategy. The stablecoin, which was initially available only in the UK and the US, is now accessible in 70 countries, signaling a major step towards broader adoption. This expansion is expected to drive further growth in user numbers and transaction volumes. Since its launch, PYUSD has seen rapid growth, particularly in the latter half of 2025, with its supply quadrupling in the past eight months. The number of PYUSD holders has also surged, increasing by over 1,500% in the last two years to more than 118,900. As PayPal leverages its extensive merchant network, PYUSD is poised to capture a larger share of the stablecoin market, benefiting from the mainstream adoption of tokenization and stablecoin regulations.