Golden Finance reported that the market value of the PYUSD stablecoin fell to $618 million, down 40% from its peak of over $1 billion at the end of August, mainly due to the reduction in the circulation of PYUSD on the Solana network. Haseeb Quresh, managing partner of DragonFly Capital, said that the decline in PYUSD yields on platforms such as Kamino, Drift and MarginFi led to a decrease in the market value of the PYUSD stablecoin.