PayPal USD Stablecoin Now on Solana Blockchain

May 31, 2024

Overview

Paypal launched PYUSD as a stablecoin to enhance interaction speed and make it more cost efficient.

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PayPal created its stablecoin, PYUSD, which is available on the Solana blockchain to enable faster and cheaper transactions. This move leverages Solana's efficient platform to enhance PYUSD usability for daily transactions while maintaining its value pegged to the US dollar.

This integration is expected to benefit users with improved transaction speed and cost-effectiveness. Supported by platforms like Crypto.com and Paxos, PYUSD on Solana is a step forward towards the integration of blockchain systems with non-crypto native use cases. 

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2024