LIVEBREAKING: ๐บ๐ธ PAYPAL LAUNCHES US DOLLAR STABLECOIN ON SOLANA!
- Payment giant PayPal launches "PYUSD" stablecoin on Solana blockchain.
- Expansion aims to leverage SOL's high transaction speeds, low costs, and near-instant settlement.
"The issues with legacy payment rails are well- known. They tend to be slow and expensive, involve too many intermediaries, require complicated arrangements such as pre-funding and liquidity requirements, and exclude the unbanked around the world."
- PayPal launched "PYUSD" back in August 2023 and the asset boasts a current market cap of around $400 million.
- That said, the asset has not been without controversy and, in November 2023, PayPal was issued a subpoena by the SEC in relation to the "PYUSD" stablecoin itself.
#Megadrop #MtGox #EarnFreeCrypto2024 #ETHETFsApproved #FIT21 $SOL
