PayPal adds its PayPal USD stablecoin, launched on Ethereum in August 2023 and issued by Paxos, to Solana; PYUSD currently has a nearly $400M market cap (Hannah Miller/Bloomberg)

Hannah Miller / Bloomberg:
PayPal adds its PayPal USD stablecoin, launched on Ethereum in August 2023 and issued by Paxos, to Solana; PYUSD currently has a nearly $400M market cap  —  - The payments company launched PYUSD on Ethereum in August  — PayPal chose Solana for speed and low cost, despite outages

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