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PYPL Jan 2025 92.500 put
- CoinDesk
PayPal Makes Retail Stablecoin Play with PYUSD on Solana
PYUSD has around 8,600 holders on the Ethereum blockchain and a market cap of a tick under $400,000
- PR Newswire
PayPal USD Stablecoin Now Available on Solana Blockchain, Providing Faster, Cheaper Transactions for Consumers
At Consensus 2024, PayPal Holdings, Inc. (NASDAQ: PYPL) announced that PayPal USD (PYUSD) is now available on the Solana blockchain, making PayPal's stablecoin faster and cheaper to use. The availability of PYUSD on Solana provides users1 with the choice of multiple blockchains allowing for increased flexibility and control.
- Investing.com
PayPal releases its stablecoin natively on Solana blockchain
Payment giant PayPal (NASDAQ:PYPL) has officially deployed its fiat-backed stablecoin, PayPal USD (PYUSD/USD) on the Solana blockchain, which is popular for its cheap, quick transactions and the backing of numerous ecosystem applications. Per its official statement, this integration makes PYUSD transactions faster and cheaper, offering users increased flexibility and control by providing the option to use multiple blockchains. The integration with Solana ensures that PayPal and Venmo wallets display PYUSD as a unified balance.
