According to Odaily, PayPal's PYUSD stablecoin has experienced a significant decline in market capitalization, dropping by 40% from its peak of over $1 billion in August to approximately $618 million currently. This downturn has been attributed to reduced lender yields on platforms based on Solana, such as Kamino, Drift, and MarginFi, as noted by DragonFly's Haseeb Qureshi.