PayPal will launch its stablecoin PYUSD on the Solana blockchain.
While#PYUSDis still not a popular token. He has about 8,600 holders on#Ethereumand a meager capitalization of $400,000. Although they commented ambitiously on the launch of their stablecoin on the new blockchain: “PYUSD on the Solana network will be able to be used by 30,000,000+ merchants around the world.”
In any case, this is a landmark assessment for #Solana's prospects from the financial giant. Including against the backdrop of the fact that, according to #Coinshares, the inflows of institutional money into#SOLincreased again last week. This means that Solana shorts will most likely suffer again.
By the way, today, as reported by #Coindesk,#LayerZeroand Solana will announce cooperation. And at the Austin airport (the capital of Texas), visitors are already greeted by outdoor advertising of this partnership. It is known that the cross-chain bridge LayerZero will add support for Solana and thanks to this it will be possible to carry out transfers between Solana and other networks, such as Ethereum, Arbitrum, Polygon and 70 (!) others.
