PayPal Launches PYUSD on Solana
May 29, 2024
PayPal is launching its stablecoin, PayPal USD (PYUSD), issued by Paxos, on the Solana blockchain. In addition to Ethereum, users of the world’s third most widely used blockchain can now utilize PYUSD for cross-border transactions. PayPal aims to provide its users with a digital currency that has stable value, designed for commerce and payments.