PayPal’s PYUSD stablecoin is witnessing faster growth on the Solana blockchain compared to Ethereum, primarily due to the higher yield incentives offered in Solana’s DeFi ecosystem.
With over $377 million in PYUSD circulating on Solana against $356 million on Ethereum, the appeal stems from DeFi protocols like Kamino and Drift, which offer double-digit yields significantly higher than those available on Ethereum.
https://www.coinfeeds.io/daily/paypal-s-pyusd-thrives-on-solana-outpacing-ethereum
submitted by /u/SympathyTurbulent160
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