Paxos has announced the issuance of an additional 100 million PYUSD on the Ethereum network. This move is part of Paxos’ ongoing efforts to enhance its digital asset offerings. The issuance aims to meet growing demand for PYUSD, a stablecoin designed for various transactions in the cryptocurrency ecosystem. As part of its strategy, Paxos continuously evaluates market conditions to adjust the supply of PYUSD accordingly. The Ethereum network serves as a robust platform for the distribution and utility of PYUSD, facilitating its integration into various applications.
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