Merlin Chain vs PayPal USD — how do they compare? Merlin Chain trades at Rp311.53 (market cap Rp415,03M, Rp57,7M 24h volume), while PayPal USD trades at Rp18,064 (market cap Rp52,01T, Rp758,62M 24h volume). The key difference: PayPal USD is far larger — about 125316.2× Merlin Chain's market cap, and Merlin Chain's supply is capped (1,3B / 2,1B MERL (63%)) while PayPal USD's keeps growing. Which is the better fit depends on your goals — on Pluang, investors hold Merlin Chain for 9 Days and PayPal USD for 24 Days on average.
| MERL | PYUSD | |
|---|---|---|
Market Cap | Rp415,03M | Rp52,01T |
Volume (24h) | Rp57,7M | Rp758,62M |
Circulating Supply | 1,3B / 2,1B MERL (63%) | 2,8B PYUSD |
Typical Hold Time | 9 Days | 24 Days |
What Pluang investors did over the last 30 days
Merlin Chain is a Layer 2 solution for Bitcoin that incorporates ZK-Rollup networks, decentralized oracle networks, and fraud proofs. Its goal is to enhance Bitcoin's Layer 1 assets, protocols, and applications, fostering innovation and maximizing asset potential on Layer 2. The native token, MERL, is used for staking, which contributes to the security of the Merlin Chain.
Read more on MERL →PayPal USD is a stablecoin that is fully backed by U.S. dollar deposits and short-term U.S. Treasuries. It can be redeemed 1:1 for U.S. dollars and is issued by Paxos Trust Company.
Read more on PYUSD →