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**Paxos Ramps Up PYUSD Supply With Massive $100 Million Stablecoin Issuance**
In a significant move spotted by blockchain monitoring platform Whale Alert on November 10, Paxos has released 100 million freshly minted PYUSD tokens—valued at approximately $100.04 million—directly onto the Ethereum network. This large-scale stablecoin deployment underscores the growing confidence in PayPal's USD-pegged digital asset.
The issuance reflects Paxos's ongoing expansion of PYUSD liquidity within the Ethereum ecosystem. As the trust company powering the stablecoin's infrastructure, Paxos continues to meet rising demand for a PayPal-backed dollar token. The $100 million mint represents a substantial addition to PYUSD's circulating supply, positioning the token as an increasingly relevant player in the stablecoin landscape.
**Current PYUSD Status**: The token maintains its $1.00 peg, consistent with standard USD stablecoin mechanics. This latest Paxos minting activity signals confidence in the token's adoption trajectory and the broader institutional appetite for regulated stablecoin solutions.
For traders and liquidity providers monitoring stablecoin developments, Paxos's expanded PYUSD issuance could enhance trading pair availability and market depth across multiple platforms.