PayPal Adds Stablecoin to Solana Blockchain
PYPLPayPal(PYPL) pymnts.com·2024-05-30 01:36

PayPal says its stablecoin — PayPal USD (PYUSD) — is now available on the Solana blockchain.The move is designed to make the stablecoin faster and cheaper to use, giving users the choice of multiple blockchains for more flexibility and control, according to a Wednesday (May 29) news release.“The Solana blockchain is known for processing massive amounts of transactions at high speeds with extremely low costs, providing significant benefits for commerce use cases,” PayPal said in the release.It’s also the mos ...