PayPal's PYUSD Stablecoin Tops $1 Billion Market Cap After Spark Partnership
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. PayPal (NASDAQ:PYPL) has warmly embraced crypto by enabling purchases via crypto, offering digital wallets, and creating its own stablecoin. That stablecoin, PYUSD, is pegged to the dollar, and it recently exceeded a $1 billion market cap after a partnership with Spark. The stablecoin’s market cap is up by more than 100% over the past year, but that doesn't mean early investors enjoyed a 100% return. It si ...