#PYUSD :

The giant of digital payments, PayPal, has made significant progress in issuing its stablecoin, PYUSD, on the Solana network, to the point that the supply of this token is already approaching the circulating total in the Ethereum ecosystem.

The amount of PYUSD on Solana is increasing

This is reflected in data published by the analysis firm Dune, cited by the Solana Foundation and compiled by The Block, where it is noted that there are about USD $240 million in PYUSD on the Solana network, while on the Ethereum Blockchain there are about USD $348 million.

The difference becomes particularly noticeable when we consider how long PYUSD has been circulating on each of the networks. In the case of Ethereum, it was launched in that ecosystem almost a year ago, while on Solana it has been present since the end of last May.

In relation to this data, the general manager of payments at the Solana Foundation, Sheraz Shere, described the fact as evidence of the growth of that network, which is why the stablecoin is seeing greater usability within that Blockchain ecosystem.