🚀 Big news in the blockchain world! PayPal has chosen Solana over Ethereum to launch its PYUSD stablecoin. José Fernández da Ponte, PayPal’s VP for Blockchain, Crypto, and Digital Currencies, cited Solana’s superior transaction speed and cost efficiency as key reasons. 🌐

On May 29, PayPal announced PYUSD on Solana, highlighting its ability to process up to 1,000 transactions per second with lower fees. TrueX exchange also opted for PYUSD, boosting Solana’s prominence. PYUSD now ranks fifth in market cap among stablecoins. Exciting times ahead for crypto enthusiasts! #Blockchain #Crypto #Solana #PayPal