đ **PayPal's PYUSD Stablecoin Hits $1 Billion Milestone!**
- PayPal's stablecoin, PYUSD, has reached a whopping $1 billion in supply, according to CoinMarketCap.
- The token's expansion to the Solana ecosystem played a significant role, with its supply on Solana surpassing that on Ethereum.
- Yield incentives on DeFi protocols have been crucial, says Tom Wan from 21.co.
- Monthly active wallet addresses surged to 25,000 in July, up from 9,400 in May.
- Solana-based protocols like Kamino, Drift, and Marginfi are offering double-digit annualized yields for PYUSD deposits.
- However, questions remain about the sustainability of these incentives.
What do you think about PYUSD's growth? Share your thoughts in the comments! đŹ