Paxos announced that its two stablecoins, USDG and PYUSD, jointly added $313.6 million in combined market capitalization over a 30-day window ending mid-August 2026. USDG accounted for approximately $305 million of that growth, bringing its total market cap to roughly $3.4 billion. The token benefits from its designation as the native stablecoin on Robinhood Chain, where its supply reached hundreds of millions within a short timeframe. Both stablecoins are backed by USD assets, overseen by the Office of the Comptroller of the Currency and attested monthly by Paxos. Visa has supported both tokens for payment settlement since 2025.
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