USDS

USDS Price Today & AI Analysis

USDSEthereumAnalysis as of Jun 25, 2026

Price

$0.9998

-0.01% 24h

Contract

Live
0xdc035d45d973e3ec169d2276ddab16f1e407384f

Holders

17.0K

Market cap

$6.49B

Liquidity

$28.76M

More tokens on Ethereum

USDS: holders, selling & liquidity

2026-06-25 12:01 UTC

Holder addresses

14,326

Top 10 supply share

Not available

Reported liquidity

$4,111,488.09
How concentrated is USDS ownership?
Top-10 ownership concentration is not available in this report. The saved holder count is 14,326 addresses (2026-06-25 12:01 UTC). A holder count alone does not establish how supply is distributed.
Are large holders selling USDS?
This report cannot establish whether large holders are selling: it does not include wallet-level holder balances over time matched to swaps. A complete buy/sell volume observation is not available in the saved inputs. A large swap alone does not identify a large holder, and a transfer alone does not prove a sale.
Is USDS liquidity falling?
As of 2026-06-25 12:01 UTC, reported liquidity was $4,111,488.09. At least two timestamped liquidity observations are needed to establish a change; this report does not have them.
Sources, observations & limitations

Source: inputs saved with the report generated 2026-06-25 12:01 UTC. Original provider retrieval times and historical samples were not recorded. Legacy zero placeholders are treated as unavailable. Holder addresses are not unique people. The provider’s top-10 share is not adjusted here for pools, exchanges, burn addresses or related wallets. Sniper classifications and wallet-level holder history are unavailable. Inspect token on the block explorer.

Recent swap evidence

Swap evidence is unavailable for this report.

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Movement since report

report from Jun 25, 2026, 12:01 PM UTC

Market Cap

$10.30B

24h Volume

$22.15M

Liquidity

$4.11M

FDV

Holders

14,326

24h

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AI Executive Summary

Risk

Low

Sentiment

Bearish

PayPal USD (PYUSD) is a regulated, fiat-backed stablecoin issued by PayPal on Ethereum mainnet, now 21.7 months old, with a circulating supply of approximately 7.94 billion tokens and a market cap of roughly $10.3 billion. The token maintains a flawless $1.00 peg with zero recorded daily volatility across its available price history, underpinned by PayPal's reserve backing and redemption infrastructure. However, the on-chain adoption picture is deteriorating sharply: the holder base has contracted by 64% over the past 31 days (from ~39,889 to 14,326), and sell-side transaction flow currently outpaces buy-side. The token's primary value is as a payment and settlement instrument rather than a speculative asset, and its near-term trajectory depends on whether PayPal can reverse the holder decline through expanded merchant and DeFi integrations.

Figures cited above are from the market snapshot taken when this analysis ranJun 25, 2026, 12:01 PM UTC. Live values may differ; the key facts at the top of the page are current.

Key points

  • Issued by PayPal — a publicly traded, regulated US financial institution — providing a level of institutional accountability rare among stablecoins
  • Deep cross-chain protocol integration: top holders include Optimism and Arbitrum bridge contracts, reflecting genuine multi-chain utility rather than speculative concentration
  • Near-zero dumpable supply (0.6%) despite 93% top-10 concentration, because virtually all large holdings are protocol/contract addresses rather than discretionary whale wallets

USDS AI Price Analysis

High Confidence

Short-Term · 24h-7d

Neutral

PYUSD is a fiat-backed stablecoin pegged to the US dollar, so price prediction in the traditional sense does not apply. The token has maintained an exact $1.00 peg across all 14 daily closes in the available OHLC history with zero measured volatility. Short-term price action will remain at $1.00 by design, barring an extreme depeg event.

Medium-Term · 30d-90d

Neutral

Over a 30–90 day horizon, PYUSD's price will remain anchored to $1.00 as long as PayPal maintains its reserve backing and redemption mechanisms. The relevant medium-term question is not price direction but whether circulating supply and holder adoption recover from the sharp 31-day decline of 25,563 holders. Continued contraction in holder count and circulating supply would reduce PYUSD's systemic relevance without affecting its peg.

Bullish Factors

  • Zero price volatility across all 14 recorded daily closes confirms a robust peg mechanism — the token has not deviated from $1.00 by any measurable amount in the available history.
  • 93% of supply sits in protocol/contract addresses (bridges, liquidity pools, cross-chain contracts including Optimism and Arbitrum), indicating deep DeFi integration rather than idle holdings.
  • Dumpable supply is only 0.6% of total — the single identifiable individual whale holds 0.56% — meaning there is virtually no sell-side overhang from large discretionary holders.
  • Security score of 85/100 with a verified contract and a 21.7-month track record on Ethereum mainnet provides meaningful credibility for a payment stablecoin.

Bearish Factors

  • Holder count collapsed from 39,889 to 14,326 over 31 days — a net loss of 25,563 holders (-64%) — signalling a sustained and accelerating exodus from the token, not a one-day anomaly.
  • Sell pressure dominates at 55.6% of 24h volume ($12.3M sell vs $9.8M buy), with 81 sell transactions versus 36 buy transactions, indicating more participants are exiting PYUSD positions than entering.
  • Total liquidity of $4.1M is modest relative to a $10.3B market cap, meaning large redemptions or swaps could face meaningful slippage on DEX venues even though the peg itself is maintained off-chain.
  • The FDV ($7.94B) is lower than the reported market cap ($10.3B), an arithmetic inconsistency that may reflect data-source discrepancies in circulating supply reporting and warrants independent verification.

Disclaimer: This AI-generated prediction is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile. Always conduct your own research.

USDS call history

Full track record →

Jun 25neutral
24h
7d
30d

Calls are recorded the moment the analysis is generated and scored automatically against the market price 24h, 7d and 30d later — hits and misses alike, never edited.

Token Info

Chain
Ethereum
Contract
0xdc03...384f
Total Supply
Decimals

Key Risks

  • Sustained holder attrition: the 64% decline in holders over 31 days (39,889 → 14,326) indicates a structural demand problem that, if unchecked, could reduce PYUSD's DeFi relevance and liquidity depth over time
  • Centralised issuer counterparty risk: PayPal and Paxos can freeze or wipe PYUSD balances, and any operational, legal, or financial distress at the issuer level would directly impact PYUSD holders
  • DEX liquidity thinness: $4.1M in on-chain liquidity against $22.2M daily DEX volume creates a structural mismatch; a sudden large redemption demand on DEX venues could cause temporary depeg pressure even if the off-chain peg holds

Trading Insight

bearish

Current on-chain sentiment for PYUSD leans modestly bearish, with sell transactions (81) outnumbering buy transactions (36) by more than 2:1 over the past 24 hours and sell volume ($12.3M) exceeding buy volume ($9.8M). This is consistent with the broader 31-day holder decline and suggests participants are net-reducing their PYUSD exposure on DEX venues. The 4-hour window shows a reversal to 9 buys vs 3 sells, but this short window is insufficient to override the dominant daily trend.

AI-generated insight. Not financial advice.

Frequently Asked Questions

Trend Analysis

Short-Term (7d)

Neutral

Medium-Term (30d)

Neutral

PYUSD exhibits zero price trend by design: the 7-day change is 0.0%, daily volatility is 0.0% (standard deviation of daily returns), and all 14 recorded daily closes are exactly $1.00. Technical trend analysis is not meaningful for a functioning stablecoin — the relevant 'trend' to monitor is holder adoption and circulating supply, both of which are declining.

Momentum

Status

Neutral

Momentum indicators derived from price action are inapplicable to a stablecoin with zero price variance. The functional momentum signal is the sell-side transaction dominance (55.6% sell pressure, 81 sell vs 36 buy transactions in 24h), which reflects negative adoption momentum rather than price momentum.

Volume Analysis

Buy

44.4%

Sell

55.6%

Volume Trend

Stable

DEX volume of ~$22.2M over 24 hours is consistent with a large, actively used stablecoin. However, the sell-heavy composition (55.6% sell pressure) and low unique participant count (21 buyers, 38 sellers) suggest this volume reflects protocol rebalancing and holder exits rather than growing organic demand.

Recent Price Action

Perfect horizontal consolidation at exactly $1.00 across all 14 available daily closes, with a period range of $1.00 low to $1.00 high and 0.0% daily return standard deviation.

For a stablecoin, this pattern confirms the peg mechanism is functioning correctly. Any deviation from this pattern — even a fraction of a cent — would be a critical depeg signal requiring immediate attention.

Key Price Levels

Immediate support

$1

Major support

$1

Immediate resistance

$1

Major resistance

$1

All OHLC-derived support and resistance levels converge at $1.00, which is expected for a functioning stablecoin. These levels reflect the peg target rather than technical swing points. A sustained break below $0.995 or above $1.005 would constitute a depeg event and is the only technically significant level to monitor.

AI overall risk

Low

Risk Score

18/100

Risk Breakdown

  • VolatilityLow

    Zero measured price volatility across 14 daily closes and a 0.0% standard deviation of daily returns. Depeg risk exists theoretically but has not materialised in 21.7 months of operation.

  • LiquidityMedium

    On-chain DEX liquidity of $4.1M is shallow relative to $22.2M in daily DEX volume and the $10.3B market cap. Large DEX-based conversions carry medium slippage risk, though PayPal's off-chain redemption channel provides an alternative exit path.

  • ConcentrationNot assessed

    Ownership concentration cannot be assessed without a measured supply distribution.

  • Smart ContractNot assessed

    Contract or authority checks are not included in the saved provider observations.

  • RegulatoryMedium

    As a regulated stablecoin issued by a US public company, PYUSD is directly exposed to US stablecoin legislation. Favourable regulation (e.g., GENIUS Act) could be a tailwind; adverse requirements (e.g., bank charter mandates) could constrain operations. This is a two-sided risk unique to regulated issuers.

Key Risks

  • Sustained holder attrition: the 64% decline in holders over 31 days (39,889 → 14,326) indicates a structural demand problem that, if unchecked, could reduce PYUSD's DeFi relevance and liquidity depth over time
  • Centralised issuer counterparty risk: PayPal and Paxos can freeze or wipe PYUSD balances, and any operational, legal, or financial distress at the issuer level would directly impact PYUSD holders
  • DEX liquidity thinness: $4.1M in on-chain liquidity against $22.2M daily DEX volume creates a structural mismatch; a sudden large redemption demand on DEX venues could cause temporary depeg pressure even if the off-chain peg holds

Mitigating Factors

  • PayPal's regulatory status as a licensed money transmitter and Paxos's trust company charter provide reserve transparency and legal accountability that reduce issuer default risk relative to unregulated stablecoin issuers
  • Cross-chain bridge integration (Optimism, Arbitrum) and DeFi protocol adoption (reflected in protocol/contract top holders) provide diversified demand sources beyond PayPal's own platform

Investor Suitability

PYUSD is suitable for users seeking a regulated, USD-pegged stablecoin for payments, DeFi collateral, or cross-chain settlement — particularly those operating within PayPal's ecosystem or requiring a compliance-friendly stablecoin. It is not suitable for investors seeking price appreciation. Those concerned about centralised issuer risk should consider decentralised stablecoin alternatives.

PYUSD's investment thesis is not about price appreciation — it is about adoption as a payment and settlement layer. The bull case rests on PayPal's regulatory positioning and network scale driving PYUSD to become a dominant compliant stablecoin; the bear case is that the accelerating holder decline signals that PYUSD is losing ground to competitors (USDC, USDT) in DeFi and payments without a clear recovery catalyst.

Scenario Analysis

Bull Case

Medium probability

US stablecoin legislation passes and explicitly favours regulated issuers like PayPal, triggering institutional adoption of PYUSD for cross-border payments and DeFi settlement. PayPal integrates PYUSD natively into its merchant checkout flow, reversing the holder decline and driving circulating supply growth. The existing Optimism and Arbitrum bridge infrastructure enables rapid multi-chain scaling.

  • Favourable US stablecoin regulation creating a compliance moat for regulated issuers like PayPal/Paxos
  • PayPal activating its 400M+ user base through native PYUSD payment incentives, reversing the 31-day holder decline

Base Case

PYUSD stabilises its holder base at a lower level (~10,000–15,000 wallets) as a niche but functional regulated stablecoin used primarily within PayPal's ecosystem and select DeFi protocols. The $1.00 peg holds indefinitely. Circulating supply remains in the $7–10B range, with slow growth tied to PayPal's payment volume rather than speculative demand.

  • PayPal maintains its reserve backing and redemption infrastructure, preserving the $1.00 peg
  • No major regulatory action forces operational changes to PYUSD's issuance or reserve structure

Bear Case

Medium probability

The 64% holder decline over 31 days continues, reflecting a structural loss of DeFi protocol integrations or PayPal incentive programs. PYUSD fails to differentiate from USDC in the regulated stablecoin space, and its DEX liquidity ($4.1M) continues to thin, reducing its utility for on-chain applications. Circulating supply contracts as redemptions outpace new minting.

  • Continued holder attrition without a clear catalyst for reversal, reducing PYUSD's on-chain liquidity and DeFi composability
  • USDC and USDT maintaining dominant network effects in DeFi, leaving insufficient market share for PYUSD to achieve critical mass

Analysis Details

Generated

Jun 25, 2026, 12:01 PM UTC

Saved observation

2026-06-25 12:01 UTC

Model Confidence

High

Data Snapshot

Price

$1.000000000000000000

Market Cap

$10.30B

24h Volume

$22.15M

Holders

14,326

Liquidity

$4,111,488.09

Data Sources

On-chain transaction data (24h buy/sell volume, transaction counts, unique participants)Holder distribution analytics (31-day daily timeseries, size bucket classification, acquisition method breakdown)Trading volume metrics (buy/sell pressure, net flow analysis)Smart contract analysis (security score, contract verification status)Daily OHLC price history (14 closes, volatility calculation)Top holder classification (protocol/contract vs individual whale, dumpable supply calculation)

Limitations

  • Smart-money (top profitable trader cohort) data is unavailable for PYUSD — no realized PnL analysis of early buyers or sophisticated traders could be performed
  • The FDV ($7.94B) vs market cap ($10.3B) discrepancy could not be resolved from available data and may reflect aggregator reporting lag; users should verify against PayPal's official attestation reports
  • Only 18 days of OHLC history is available, limiting longer-term technical analysis; 30d and 90d price change figures are not available
  • The root cause of the 64% holder decline over 31 days cannot be definitively identified from on-chain data alone — off-chain context (protocol changes, incentive program endings) would be required for a complete diagnosis

How we keep this honest

Every directional call on these pages is recorded before the outcome is known and scored on our public prediction track record. We apply the same standard to others: our audit of 1,581 crypto YouTube predictions found bullish calls did worse than random timing, and our memecoin pump anatomy study measured what chasing a pump actually costs.

Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and risky. Always conduct your own research and consult with a financial advisor before making investment decisions.

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