Every PYUSD transfer, categorized: real commerce payments vs. exchange shuffling and internal treasury moves, who moves it, who holds it, and how it stacks up against USDT, USDC and RLUSD. Sourced from Allium's onchain payment classification, not self-reported volume.
1 · Overview
Raw vs Adjusted PYUSD Volume Over Time
Daily raw transfer volume vs. Allium-adjusted real volume. The gap between the two lines is the non-genuine activity stripped out by the methodology.
2 · Payment Use-Case Breakdown
PYUSD Payment Volume by Use-Case Category
Adjusted PYUSD payment volume over time, stacked by core payment category (C2C, C2B, B2C, B2B, institutional, etc.).
Top Payment Purposes
Ranked payment purposes by adjusted volume, with transfer counts and average transfer size.
Real Payment Volume by Chain
Where PYUSD real-world payments actually settle — share of real-world-payment volume by chain over the selected window.
Stellar carries real payment volume but no row in Allium's circulating-balance snapshot — a known coverage gap on that specific table, not zero supply.
3 · Corridors & Geography
Market-wide corridor context. The maps and corridors on this page reflect the total stablecoin payments market, filtered to real-world-payment classification and country↔country resolved pairs — they are directional context for where PYUSD could be routing, not a PYUSD-only measurement.
Top Payment Corridors (Country → Country, all stablecoins)
Largest resolved country-to-country stablecoin payment corridors by real-world-payment volume. Flow width is proportional to volume.
Net Payment Flow by Country (Inbound − Outbound)
Choropleth of net stablecoin payment flow per country — teal = net inbound receiver, red = net outbound sender. Scroll to zoom, drag to pan.
Top 10 Corridors — Period-over-Period
Leading country-to-country corridors by volume, with prior-period volume and period-over-period percentage change.
Fastest-Growing Corridors — Major vs Long-tail
Ranked by period-over-period growth (min $50k current volume), colored by whether the corridor is a top-20 major route or long-tail.
Top 10 Payment Corridors (benchmark context)
Largest country-to-country stablecoin payment corridors (market-wide). The geo corridor tables carry no token dimension, so this is shared benchmark context for where stablecoin commerce concentrates — not a per-token comparison.
5 · Holder & Entity Composition
Entity Breakdown of Holders
Circulating PYUSD balance by attributed entity (latest snapshot). Attributed holders only — addresses without an entity label are excluded, so shares are of the labeled population.
"token" is a residual label for unattributed contract addresses, not a real counterparty — shown for completeness, not as a peer of Paxos or Coinbase.
Holder Composition by Country
Circulating PYUSD balance by inferred holder country (latest snapshot). Attributed holders only — addresses without a geographic attribution are excluded.
Holder USD by Entity Category
Share of circulating PYUSD balance by entity category (latest snapshot). Attributed holders only — unlabeled addresses are excluded.
Additional detail
Not part of the source dashboard — kept here as supplementary context on ramp providers and top holders.
Top 20 holders
Circulating balance, latest snapshot.
The two largest holders shown as short addresses are unidentified in Allium's identity graph, not confirmed entities — including the single largest position in the token.
Top on/off-ramp providers
Consumer vs. business split.
Flow shape
Consumer on/off-ramp vs. business treasury vs. institutional.
PYUSD vs. the market
Adjusted volume, PYUSD vs. USDT/USDC/RLUSD — same methodology. Log scale: PYUSD's volume is roughly 1,000x smaller than USDT/USDC's, invisible on a linear axis.