PayPal is making serious waves in the crypto world with its stablecoin, PYUSD. According to a recent post from Token Terminal, the outstanding supply of PYUSD has skyrocketed to $2.8 billion as of October 2025. That's a huge milestone for a stablecoin that's pegged to the US dollar and backed by PayPal's reputation.

For those new to the term, outstanding supply refers to the total amount of a token or coin that's currently in circulation across supported blockchain networks. In PYUSD's case, this metric tracks how much of the stablecoin is out there and available for use. Token Terminal calculates this by using event-based tracking for EVM chains like Ethereum and Arbitrum, and balance-based aggregation for Solana, then combining them into a unified daily figure in USD.

Looking at the chart, you can see the supply has been on a steady upward trajectory since early 2024, with some notable spikes along the way. This growth signals increasing adoption of PYUSD, which could mean more liquidity flowing into the crypto markets—including the wild world of meme tokens.

Why This Matters for Meme Token Enthusiasts

Stablecoins like PYUSD act as a bridge between traditional finance and the decentralized world. They're essential for traders who want to park their funds in something stable without exiting crypto entirely. With PayPal's backing, PYUSD brings a level of trust and accessibility that could attract more mainstream users to blockchain platforms.

In the meme token space, where volatility is the name of the game, having reliable stablecoins is crucial. They provide entry and exit points for trades, help with liquidity pools on DEXs, and even enable cross-chain transfers. As PYUSD expands—now available on networks like Ethereum, Arbitrum, and Solana—it could boost trading volumes for meme coins on these chains.

Think about it: More PYUSD in circulation means easier on-ramps for new investors via PayPal's app. That could lead to fresh capital pouring into hyped meme projects, driving those viral pumps we're all chasing.

Breaking Down the Metrics

Token Terminal's data highlights how PYUSD's supply answers a key business question: "How much PYUSD is available for public use at any given time?" This isn't just about numbers; it's about real-world utility. PayPal's push into stablecoins shows big tech's commitment to crypto, potentially paving the way for more integrations.

If you're diving into meme tokens, keep an eye on stablecoin trends like this. They often signal broader market health and can influence everything from gas fees to token launches. For more insights on how stablecoins interplay with memes, check out our knowledge base on meme token liquidity strategies.

PayPal's all-in approach on stablecoins isn't just news—it's a sign of maturing crypto infrastructure that benefits everyone, from degens to developers.