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PayPal’s $733m stablecoin is growing faster on Solana than Ethereum. How long can it last? DLNews 13 Aug 2024

PayPal’s $733m stablecoin is growing faster on Solana than Ethereum. How long can it last? 💸

Ethereum Solana PYUSD PayPal

PayPal's $733 million stablecoin, PYUSD, is experiencing faster growth on the Solana blockchain compared to Ethereum.

This growth is supported by PayPal's strategy of distributing hundreds of thousands of dollars worth of PYUSD to Solana DeFi protocols each week.

The distribution aims to attract users and boost the ecosystem's development on Solana's network.

Source: www.dlnews.com ↗

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