Today news
About the same in other media
PayPal stablecoin comes to Solana blockchain
Reading now: 220
finextra.comPayPal launched PYUSD on the Ethereum blockchain nearly a year ago but is now adding Solana as an option, providing users with flexibility and control.
Solana is known for processing massive amounts of transactions at high speeds and low costs.
Popular with memecoin issuers, it is also the most used blockchain for stablecoin transfers, according to data from Artemis.
In addition to the PayPal and Venmo wallets, people can buy PYUSD on Solana via Crypto.com, Phantom and Paxos.
Jose Fernandez da Ponte, SVP, blockchain, cryptocurrency, and digital currency group, PayPal, says: "Making PYUSD available on the Solana blockchain furthers our goal of enabling a digital currency with a stable value designed for commerce and payments."
About this in other media
Solana in May 2024: SOL Price and TVL Surged, What’s Next? cryptonews.com /5 months ago
Binance to Restrict Unregulated Stablecoins in EU Ahead of MiCA Regulation Implementation cryptonews.com /5 months ago
Solana Price Prediction as Ripple CEO Sees SOL ETFs as ‘Inevitable’ – Will SOL Reach $1,000 This Year? cryptonews.com /5 months ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
