BREAKING: paypal's #PYUSD GOES LIVE ON #SOLAN
But why does it matter so much even if you're a degen?
Here's why👇🧵
Paypal x Solana
Paypal just announced the launch of their stablecoin #PYUSD
It will be available to serve over 30 Million merchants with fast and secure transactions, thanks to #Solana .
Why Solana?
Payments can ONLY happen on chains with fast, efficient and cheap transactions.
PayPal knows Ethereum is not ideal for this, hence the expansion to Solana.
Why Stablecoins as the path to mass adoption?
Stablecoins are the lifeblood of the #crypto ecosystem
They allow people from all around the world to transact in a way that would not be possible in Traditional Finance
Stablecoin Adoption leads to:
- Deeper Liquidity
- Wider User Base, Network Participants
- Growth of DeFi
All of this boosts the ecosystems that integrate and work with Stablecoin issuers, and Solana is on the forefront of adoption due to its technical superiority
