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Why is PayPal’s PYUSD stablecoin doing better on Solana than Ethereum? Ambcrypto 15 Aug 2024

Why is PayPal’s PYUSD stablecoin doing better on Solana than Ethereum? 🚀

Ethereum Solana PYUSD PayPal

PayPal's PYUSD stablecoin is currently performing better on the Solana blockchain compared to Ethereum. The market cap of PYUSD has surged to over $737 million.

Solana's efficiency and lower transaction costs are major factors contributing to PayPal's choice to expand development on this blockchain.

This success underlines the importance of blockchain infrastructure in the performance of digital currencies.

Source: ambcrypto.com ↗

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