{"id":166748,"date":"2024-05-29T15:54:59","date_gmt":"2024-05-29T15:54:59","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=166748"},"modified":"2024-05-29T15:55:02","modified_gmt":"2024-05-29T15:55:02","slug":"paypals-stablecoin-pyusd-expands-to-solana","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/paypals-stablecoin-pyusd-expands-to-solana\/","title":{"rendered":"PayPal’s Stablecoin PYUSD Expands to Solana to Provide Faster, Cheaper Transactions"},"content":{"rendered":"
TL;DR<\/span><\/span><\/strong><\/p>\n PayPal<\/span><\/span><\/strong> has taken a significant step into the world of cryptocurrencies by <\/span><\/span>announcing<\/span><\/span><\/a> the availability of its stablecoin, <\/span><\/span>PayPal USD (PYUSD)<\/span><\/span><\/strong>, <\/span><\/span>on the Solana<\/a> blockchain.<\/span><\/span><\/strong><\/p>\n <\/p>\n This strategic move seeks to offer users <\/span><\/span>faster<\/span><\/span><\/strong> and <\/span><\/span>cheaper transactions, taking advantage of <\/span><\/span><\/strong>Solana<\/span><\/span><\/strong>‘s<\/strong> reputation <\/span>for processing large volumes of <\/span><\/span>transactions<\/span><\/span><\/strong> at <\/span><\/span>breakneck speeds<\/span><\/span><\/strong> and with <\/span><\/span>low costs<\/span><\/span><\/strong>.<\/span><\/span><\/p>\n 1\/\ud83d\udce3Breaking News: @PayPal<\/a> USD (PYUSD) is live on Solana!<\/p>\n PayPal USD stablecoin issued by @Paxos<\/a> will leverage Solana and token extensions to serve over 30m+ merchants, empowering users with fast and secure stablecoin transactions. pic.twitter.com\/h66iejTv50<\/a><\/p>\n — Solana (@solana) May 29, 2024<\/a><\/p><\/blockquote>\n\n
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