PayPal Launches PYUSD Stablecoin on Solana � Cryptomode
Cryptomode_202430 May, 2024Business
PayPal has officially introduced its stablecoin, PYUSD, on the Solana blockchain. This is the first time PYUSD has moved beyond the Ethereum network. Solana is known for its high transaction speeds and relatively low costs, making it a strategic choice for enhancing the efficiency of PYUSD transactions. With Solana?s ability to process over 5,000 transactions per second at approximately $0.0025 per transaction, users can now expect faster and more affordable transactions compared to Ethereum?s higher fees and slower speeds.
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