Solana's Emerging Dominance in PayPal's PYUSD Stablecoin
PayPal's PYUSD stablecoin is experiencing significant growth on the Solana blockchain, surpassing its initial deployment on Ethereum despite Ethereum's ten-month lead. As reported by DefiLlama, over $377 million of PYUSD is now on Solana, compared to $356 million on Ethereum. This shift is largely attributed to the double-digit yields offered to PYUSD holders through Solana's Decentralized Finance (DeFi) protocols.
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