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Paxos Issues $100 Million in Fresh PYUSD Supply on Ethereum
The stablecoin issuer Paxos has created approximately $100 million worth of new PYUSD tokens on the Ethereum blockchain. According to blockchain monitoring platform Whale Alert, the transaction represents a significant expansion of Paxos's stablecoin supply in circulation. The latest issuance demonstrates Paxos's continued efforts to enhance liquidity within the ecosystem. As one of the leading USD-backed stablecoin providers, Paxos regularly manages its token supply to meet market demand and maintain stability within decentralized finance applications.