PayPal's PYUSD stablecoin, which started on Ethereum in 2023, is now also available on the Solana blockchain. This move is because Solana is known for being really fast and cheap, so using PYUSD on Solana means transactions will be quicker and cost less. Solana is becoming popular for hosting different apps, especially in finance and gaming, and it's seen as a strong rival to Ethereum.

PayPal decided to bring PYUSD to Solana because data shows that Solana is the most popular blockchain for stablecoin transfers. This means lots of people want to use stablecoins like PYUSD on Solana. PayPal wants to make PYUSD easy to use for everyday buying and selling, so they're using Solana's features to make it better. This could make more people use PYUSD and help cryptocurrency grow even more.#btc70k #FIT21 #ETHETFsApproved