PayPal’s Stablecoin $PYUSD Thrives On Solana With Significant Growth In DeFi And DEX Markets

PayPal’s stablecoin, $PYUSD, has rapidly carved out a robust ecosystem on the Solana blockchain. In just a short period, it has been seamlessly integrated into the DeFi landscape and is now widely available across major decentralized exchanges (DEXs).

Over the past month, $PYUSD has seen a remarkable 21% surge in market capitalization, propelling its total market cap to approximately $400 million. This milestone positions $PYUSD as the tenth-largest stablecoin in the market.

Talking about stable coins,

PayPal’s stablecoinb $Pyusd has gained over 21% increase in Market cap in the last month.

It currently has about $400m MC earning the position of the tenth largest stable coin in the market

Source: @intotheblock pic.twitter.com/jKot54ZMk6

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