PayPal Expands Reach of its PYUSD Stablecoin from Ethereum to Solana

PayPal's US dollar-pegged stablecoin now also runs on Solana, expanding its reach following the initial debut on Ethereum in 2023.

PayPal announced the availability of its PYUSD stablecoin on Solana, seeking commercial advantages.

Solana emerged as a leader in tokenized transactions, which makes it ideal for PYUSD according to Artemis analysis.

José Fernández da Ponte of PayPal highlighted the expansion of PYUSD on Solana to facilitate commerce and payments.