PYUSD market value exceeds $1 billion, with Solana chain supply increasing by 171% in the past month
Odaily News: The market capitalization of PayPal's stablecoin PYUSD has surpassed the $1 billion mark, with its supply increasing by more than double since June. According to Visa's stablecoin dashboard, the user activity of PYUSD has skyrocketed, with the number of monthly active wallet addresses jumping from 9,400 in May to over 25,000 in July. The growth in PYUSD supply came after its expansion to the Solana network in May, with its supply on the Solana chain growing from zero to $650 million in just three months, surpassing its supply on the Ethereum chain. According to defillama data, the PYUSD supply on the Solana chain has increased by 171% in the past month. (Finance Feeds)
