#PayPal #binance #SOLbullish PayPal stablecoin expanded to Solana

PayPal's dollar stablecoin PYUSD is now available not only on Ethereum, but also on Solana. The stablecoin PYUSD from payment system PayPal and issuer Paxos debuted in 2023. At that time, the coin was only available on the Ethereum blockchain. But on Wednesday, May 29, the company announced that PYUSD is now also available on Solana. PayPal believes that running PYUSD on Solana will provide significant benefits for commercial use.

Solana is one of the main competitors of Ethereum. The Solana ecosystem offers access to various tokens, exchanges and other decentralized applications. In 2024, a number of meme tokens (although some of them turned out to be fraudulent) were launched on this network. The most recognizable among them is BONK. At the same time, the creators of meme tokens carried out distributions among owners of Solana Saga smartphones, fueling interest in branded gadgets. For users and third-party developers, the advantage of the network is high speed with low commissions.$SOL