🟪 𝐏𝐚𝐲𝐏𝐚𝐥'𝐬 𝐒𝐭𝐚𝐛𝐥𝐞𝐜𝐨𝐢𝐧 𝐇𝐢𝐭𝐬 $1𝐁 𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐚𝐩 🟪
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PayPal's PYUSD reached $1 billion in supply, per CoinMarketCap data. The stablecoin benefited from its expansion to the bustling Solana ecosystem, with its supply on the network already surpassing that on the Ethereum blockchain.
> Yield incentives on DeFi protocols played a "huge role" in the growth. BTW Do You like The increasing dominance of web2 companies in Web3 businesses.
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