PayPal USD is a stablecoin introduced by PayPal, aimed at facilitating seamless transactions within the digital payments ecosystem. By leveraging blockchain technology, it offers a reliable and transparent medium for transferring value, maintaining its peg to the US dollar. This move not only signals PayPal's deepening commitment to the cryptocurrency space but also bridges traditional finance with innovative digital solutions.
more informationMetis is an innovative layer-2 scaling solution that aims to enhance the Ethereum network by offering faster and more cost-effective transactions. By implementing optimistic rollups and a unique DAC (Decentralized Autonomous Company) framework, Metis enables decentralized applications to achieve greater scalability and efficiency. This platform also empowers developers and businesses to create robust decentralized ecosystems with improved accessibility and user experience.
more informationGeneral Information |
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Title
PayPal USD
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Title
Metis
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Symbol
pyusd
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Symbol
metis
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Whitepaper
-
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Whitepaper
-
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Website
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Website
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Community
-
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Community
-
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Last Updated
2025-03-13 23:59
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Last Updated
2025-03-13 23:59
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Price Data |
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Current Price $
0.999575
$
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Current Price $
16.3
$
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High 24h
1.002
$
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High 24h
16.79
$
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Low 24h
0.997953
$
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Low 24h
15.87
$
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Price Change 24h
-0.00039719245046466
$
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Price Change 24h
-0.49345312864995
$
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Price Change % 24h
-0.03972
%
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Price Change % 24h
-2.93908
%
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Market Data |
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Market Cap
738660198
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Market Cap
102003833
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Total Volume
312786634
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Total Volume
6630655
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Market Cap Change 24h
27223179
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Market Cap Change 24h
-3163343.3477663
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Market Cap Change % 24h
3.82651
%
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Market Cap Change % 24h
-3.00792
%
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Return on Investment (ROI)
-
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Return on Investment (ROI)
-
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Supply and Availability |
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Circulating Supply
738458638.63374
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Circulating Supply
6255334.342
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Total Supply
763458638.63374
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Total Supply
10000000
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Max Supply
-
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Max Supply
10000000
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Historical Data |
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All Time High (ATH)
1.021
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All Time High (ATH)
323.54
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ATH Change %
-2.06917
%
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ATH Change %
-94.96145
%
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ATH Date
2023-10-23 22:44
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ATH Date
2022-01-16 20:14
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All Time Low (ATL)
0.959426
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All Time Low (ATL)
3.45
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ATL Change %
4.18901
%
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ATL Change %
372.31274
%
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ATL Date
2024-12-05 22:31
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ATL Date
2021-05-23 17:07
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PayPal USD, symbolized as PYUSD, has emerged as an intriguing player in the realm of stablecoins. As a digital token pegged to the U.S. dollar, it promises to bridge traditional financial systems and the burgeoning world of cryptocurrency. By maintaining a stable value, PYUSD aims to provide a reliable digital currency that combines the credibility of PayPal with the versatility of cryptocurrency.
Introduced in 2023, PayPal USD was launched with the backing of the global payments giant, PayPal. The entry of a powerhouse such as PayPal into the stablecoin market marked a significant milestone, providing an endorsement of the potential utility and future of digital currencies. Over its relatively short existence, PYUSD has maintained a fair stability in price, demonstrating slight fluctuations which are typical for stablecoins in a competitive market environment.
The primary advantage of PYUSD lies in its association with PayPal, which offers a trusted and recognized brand in financial technology. This trust can help in driving adoption, especially among users who might be new to the cryptocurrency space.
Moreover, PYUSD's design ensures that its value remains pegged closely to the U.S. dollar, providing a hedge against the volatility often observed in other cryptocurrencies. This stability makes it an attractive option for transactions, including remittances and digital commerce, among others.
Despite its advantages, PayPal USD is not without its drawbacks. The reliance on the U.S. dollar means that PYUSD inherits the economic influences affecting the dollar, such as inflationary pressures. Additionally, as a centralized stablecoin, PYUSD must comply with regulations, which might limit its use in certain decentralized platforms.
Another concern is competition. The stablecoin market is saturated with numerous contenders like USDC and Tether, each offering similar benefits. To stand out, PYUSD must leverage PayPal’s vast ecosystem effectively, which is no small task given the diversity of the existing market.
Since its inception, PYUSD's performance has been relatively stable, maintaining values close to its peg of $1. The all-time high recorded was $1.021, while the all-time low was $0.972731, showcasing a typical range for a stablecoin. These figures reinforce its role as a stable digital currency rather than one used for investment speculation.
The market cap of PYUSD has grown steadily, reflecting attention and trust from the market. With a current market cap of over $654 million, it has carved out a niche space within a short period.
Looking forward, the future of PayPal USD rests on its ability to harness PayPal’s global network and incorporate it into the broader decentralized financial ecosystem. As cryptocurrencies become increasingly mainstream, stablecoins like PYUSD could play a pivotal role in financial activities, ranging from online transactions to bridging fiat and digital currencies.
Regulatory environments will also significantly impact PYUSD’s scalability and acceptability, as authorities around the world continue to grapple with formulating frameworks for digital currencies. The ability of PayPal USD and other stablecoins to adapt to these regulations will determine their long-term sustainability and usage.
PayPal USD presents a compelling blend of stability, trust, and innovation in the digital currency arena. With its strong backing by PayPal and the potential to integrate into a larger financial ecosystem, PYUSD is poised to be a significant player in the crypto world. However, continuous adaptation and strategic evolution will be necessary to navigate the challenges posed by regulatory shifts and market competition. As the landscape of digital assets continues to evolve, PYUSD's journey will undoubtedly be one to watch.
Metis is a sophisticated cryptocurrency project focusing on enhancing the scalability, affordability, and accessibility of decentralized applications (dApps) and smart contracts. Launched as part of the influx of innovative Layer 2 solutions, Metis aims to ease congestion and reduce costs associated with transactions on the Ethereum blockchain.
A primary advantage of Metis is its Layer 2 solution, which optimizes transactions by providing faster and cheaper alternatives. This is essential for dApp developers looking to build scalable solutions without the prohibitive costs associated with Ethereum's mainnet. Moreover, Metis integrates with a user-friendly development framework, making it more accessible for developers of various skill levels.
Another advantage is the focus on decentralization and community governance. Metis emphasizes a robust infrastructure where dApps can thrive in a low-cost, high-speed environment, catering not just to technocrats but to users from different sectors aiming for blockchain integration. The team behind Metis prioritizes decentralization, ensuring the platform's trustworthiness and resilience.
Though Metis has an innovative approach, it isn't without criticisms. One noted limitation is the competitive landscape of Layer 2 solutions. With many prominent projects like Arbitrum and Optimism, Metis must differentiate itself substantially to capture market share. Furthermore, the security of Layer 2 solutions in general remains a topic of scrutiny, as users and developers assess the trade-offs in speed and cost versus safety.
Another limitation is the need for wider adoption. Despite its technological merits, achieving substantial network effects requires more users and developers to trust and use the platform actively.
Metis reached its all-time high of $323.54 in January 2022, amid a broader bull market in the cryptocurrency space. Since then, it has faced volatility, experiencing significant drawdowns, indicative of the wider market conditions impacting altcoins. Despite this, Metis's all-time performance shows a positive change of 1070.72% from its all-time low of $3.45 recorded in May 2021. This highlights its potential for significant returns when market conditions are favorable.
Metis's future prospects hinge on broader blockchain adoption and improvements in Layer 2 technology acceptance. As Ethereum's network continues to face congestion issues, solutions like Metis offer a viable path to scalability. Strategic partnerships and enhancements to its protocol could accelerate its adoption and drive utility for its native token.
Moreover, Metis's focus on decentralization and community-driven governance could position it well in a landscape that values transparency and user sovereignty. The upcoming Ethereum 2.0 upgrades could also impact Metis, posing both challenges and opportunities.
Overall, Metis represents an intriguing opportunity within the Layer 2 ecosystem, promising to deliver scalable, cost-efficient, and decentralized solutions for dApps and smart contracts. While there are challenges, the groundwork laid by Metis offers encouraging possibilities for the future, especially if it can achieve a foothold amidst rival technologies.