PayPal’s PYUSD stablecoin crosses $1B market cap – How Solana helped its rise

📆 27/08/2024 04:19 p. m.
📰 CryptoAmb

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PYUSD demand and utility validated as its marketcap surpasses the $1 billion milestone courtesy of months of robust growth.

A recap of how the Solana network was central in PYUSD’s growth, and how it compares with Ethereum.stablecoin, which has been ample time to gauge its performance.

It has been growing at a faster pace since then and recently crossed above the $1 billion market cap.This is an impressive milestone considering that PYUSD’s marketcap was less than $50 million 12 months ago. This new milestone put PYUSD in the list of one of the top fastest growing stablecoins.

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How Solana boosted PYUSD to near $1B market valuationPayPal's PYUSD stablecoin has so far delivered an impressive pace of growth this year as marketcap approaches $1 billion.
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