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.
1 · Overview
Raw vs Adjusted PYUSD Volume Over Time
Daily raw transfer volume vs. Allium-adjusted real volume.
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.).
Real Payment Volume by Chain Over Time
Where PYUSD real-world payments actually settle — daily real-world-payment volume by chain.
Top Payment Purposes
Ranked payment purposes by adjusted volume, with transfer counts and average transfer size.
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.
Every corridor in this window's top growth list is long-tail: established top-20 routes already move large volume, so the same dollar increase reads as a smaller percentage change.
Top 10 Payment Corridors (benchmark context)
Largest country-to-country stablecoin payment corridors (market-wide).
5 · Holder & Entity Composition
Holder USD by Entity Category
Share of circulating PYUSD balance by entity category (latest snapshot). Attributed holders only — unlabeled addresses are excluded.
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.
Holder Composition by Country
Circulating PYUSD balance by inferred holder country (latest snapshot). Attributed holders only — addresses without a geographic attribution are excluded.
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.