Source: Coindesk.com
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, 21.co's Tom Wan said.
Read More https://www.coindesk.com/markets/2024/08/26/paypals-stablecoin-hits-1b-market-cap-as-incentives-boost-activity-on-solana/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
The post "PayPal's Stablecoin Hits $1B Market Cap as Incentives Boost Activity on Solana" appeared first here Coindesk.com.
Source: Coindesk.com
