PayPal stablecoin PYUSD market cap breaks through $600 million

On August 2nd, the market value of PayPal stablecoin PYUSD reached 612 million US dollars. The supply of PYUSD increased by 23.2% in the past month. The increase in the supply of PYUSD occurred after the expansion to the Solana network in May, and about 259 million PYUSD tokens have been issued on Solana.