The stablecoin in question is the #PYUSD , a 1:1 pegged dollar stablecoin launched by #PAYPAL . It is a federally regulated coin launched in 2023, and with the #SOL integration, users can transact with near-zero costs. 

Despite a slew of positive developments, including a record-breaking number of transactions and Alibaba unveiling Solana-based RPCs, #SOL is currently under a major bearish spell, hovering around $86 at press time. Despite recovering 7% during the last 24 hours, the digital asset is struggling to hold down to a floor, and future price projections are all over the place.