PayPal’s PYUSD Stablecoin Supply on Solana Tops $1 Billion

The milestone underscores growing adoption of PayPal’s blockchain-based digital dollar within the Solana network.

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Terms & Concepts
  • Stablecoin: A cryptocurrency designed to maintain a stable value, often pegged to a fiat currency like the US dollar.
  • PYUSD: PayPal’s USD-pegged stablecoin, used for payments and transfers on blockchain networks.
  • Solana: A high-performance blockchain supporting decentralized applications and known for its fast transaction speeds.