PayPal is taking the crypto ecosystem seriously. Last year, the company unveiled PYUSD, its in-house stablecoin pegged 1:1 with the US Dollar, while last month it announced it will enable the stablecoin for U.S. customers sending money across borders via its Xoom transfer service. PYUSD's market capitalization has been soaring, up 74% in the past thirty days from $197 million to $337 million, turning the volume up on a stablecoin war dominated by Tether's USDT and Circle's USDC. PYUSD Market Cap - CoinGecko PayPal is adding support for hundreds of cryptocurrencies on a U.S. platform at a time when U.S. securities regulators have been relentless in their crackdown of crypto tokens, calling dozens of them " unregistered securities offerings ," and have opened lawsuits against several big-name crypto-native companies like Coinbase and Binance.