News Formal

Solana network demand pushes SOL-based PayPal stablecoin to $1 billion market cap

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 17 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Solana Noticias

Cryptocurrencies

Solana-based PayPal stablecoin (PYUSD) has exceeded the $1 billion threshold in market capitalization, supporting the Solana network’s on-chain activity and demand.

PayPal stablecoin

drives stablecoin to $1 billion PayPal launched its stablecoin on Ethereum in August 2023 and expanded market capitalization surged to $1 billion. The SOL network accounts for 64% of the stablecoin’s market share. with token incentives that boost the asset’s adoption in DeFi protocols like Kamino Finance and Syndica.io.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 14. in MX

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

PayPal's Stablecoin Hits $1B Market Cap as Incentives Boost Activity on SolanaKrisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.
Fuente: CoinDesk - 🏆 291. / 63 Leer más »