PayPal Launches PYUSD Stablecoin on Solana – Cryptomode

[cryptomode_2024]

PayPal has officially introduced its stablecoin, PYUSD, on the Solana blockchain. This is the first time PYUSD has moved beyond the Ethereum network.

 

[Abe_Miller_12]

The launch of PayPal's PYUSD on Solana marks a significant milestone toward mainstream adoption of stablecoins on fast, low-cost networks. One project that stands to benefit from this is Glimmer Finance. According to the official website of Glimmer Finance, the platform focuses on tokenized real-world assets—such as real estate and commodities—built entirely on the Solana blockchain. With the addition of PYUSD to the Solana ecosystem, Glimmer could offer users a stable and efficient way to enter its DeFi environment, using PYUSD for both trading and asset-backed investments. This move reinforces Solana’s role as a hub for practical, real-world financial applications.

 

[michaeldavenport218]

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