PayPal USD Has a Breakout of New Wallets Created
📈 $PYUSD has just printed 863 new wallets in one day. This is its strongest daily network growth since April 8th.
📉 Market cap tells the opposite story. PYUSD is still down 24% since late May, so this is new wallet activity returning before supply fully recovers.
💳 PayPal has quietly expanded PYUSD access across 70 markets, offers PYUSD rewards in PayPal and Venmo, and lets U.S. merchants accept crypto payments with PYUSD settlement rails.
🌉 The stablecoin also gained native Polygon issuance in July, while Coinbase’s earlier zero-fee PYUSD push kept the stablecoin tied to payments, exchange access, and merchant adoption. More wallets are appearing while market cap lags, and that’s a healthier signal than passive supply growth alone.