PayPal (NASDAQ:PYPL) Holdings announced - on May 29 at the Consensus 2024 conference - that it had expanded the compatibility of its currency PayPal USD (PYUSD) to now include the Solana blockchain. Through this step, PayPal aims to improve the speed of transactions and reduce... Giving users more flexibility and control, this merger will leverage the high-speed, low-cost infrastructure of the Solana blockchain. PayPal USD is issued by Paxos Trust, a fully authorized, limited-purpose trust company regulated by the New York State Department of Financial Services, which purchases US dollar reserves, Treasury securities, or other financial rewards in exchange for the PYUSD tokens it issues.

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