PayPal's PYUSD stablecoin has experienced a significant market cap decline, falling 40% from its peak of over $1 billion in August. This downturn is largely linked to decreased yield payouts on decentralized finance platforms.
Specifically, the Solana-based lending protocol Kamino has been identified as contributing to these lower yield payouts. Investors and users are seemingly reacting to these financial shifts.
This development highlights the sensitivity of stablecoin markets to interest or yield fluctuations, especially when linked to blockchain protocols.
Fuente: www.theblockcrypto.com ↗
