The post PayPal PYUSD Stablecoin Supply Shot Up By 90% After Expanding To Solana Blockchain appeared first on Coinpedia Fintech News
The PayPal PYUSD stablecoin supply in the market has shot up by 90% ever since it expanded to the Solana blockchain in May. Its market cap has surpassed $500 million as of July 8. Notably, 77% of its total supply i.e. $399 million is currently on Ethereum. The rest 23% i.e. $118 million is on the Solana blockchain network. Moreover, the adoption of PYUSD stablecoin on the Solana blockchain is rising significantly. The growing supply and increased adoption have also boosted the trading volume for the PYUSD stablecoin.