Paxos Just Crossed $8 Billion in Issued Assets With 500% Year-Over-Year Growth
The post Paxos Just Crossed $8 Billion in Issued Assets With 500% Year-Over-Year Growth appeared on BitcoinEthereumNews.com.
Paxos crossed $8 billion in total issued asset market cap, up over 500% year-over-year. The chart from Token Terminal tells the story bluntly: flat for most of 2023, a gradual climb through 2024, then a near-vertical move into early 2026. An under-the-radar stablecoin & RWA issuer: @Paxos The market cap of assets issued by Paxos surpassed $8 billion, up over 500% YoY. An issuer & assets to follow 👇 pic.twitter.com/Jj2GX4m2vC — Token Terminal 📊 (@tokenterminal) March 14, 2026 What Paxos Issues and Where The $8 billion sits across three core products deployed on six chains. PYUSD, the PayPal stablecoin issued by Paxos, is live on Ethereum, Solana, Arbitrum One, and Stellar. USDG, Paxos’s own stablecoin, runs on Ethereum, Solana, and Ink. PAXG, a token backed one-to-one by physical gold held in London vaults, trades on Ethereum. The multi-chain footprint is worth paying attention to. Most stablecoin issuers anchor to Ethereum and expand cautiously from there. Paxos has spread across six deployments, which points to a company building for settlement infrastructure rather than just capturing DeFi liquidity. PYUSD on Stellar, for instance, targets cross-border payment corridors. USDG on Solana sits in a high-throughput environment built for transaction speed. These aren’t random chain choices. The Growth Curve Is Recent and Still Accelerating The Token Terminal data shows that most of this growth happened fast. Through 2023 and into early 2024, total Paxos-issued market cap sat well under $1 billion. PAXG was the largest single asset for most of that period, growing slowly alongside gold prices. PYUSD launched on Ethereum in mid-2023 but took time to gain traction. What changed from mid-2024 onward was the simultaneous scaling of multiple assets at once. USDG on Ethereum grew sharply. PYUSD expanded to Solana and additional chains, adding meaningful volume at each deployment. PAXG continued climbing…
Filed under: News - @ March 15, 2026 12:04 am