Paxos Stablecoins Surge Past $3 Billion Market Cap

Paxos' flagship stablecoins USDG and PYUSD have experienced significant growth in market capitalization, adding $313.6 million over a 30-day period ending in mid-August 2026.

USDG accounted for the majority of this growth, with $305 million added to its total market cap, which now sits at approximately $3.4 billion.

The key driver of USDG's growth is its designation as the native stablecoin on Robinhood Chain, following a successful integration that led to a significant increase in supply on the network.

PYUSD has also seen expansion through PayPal's distribution network into dozens of global markets, benefiting from its existing payment interface with hundreds of millions of users.