PYUSD breaks the 1 billion mark, thanks to Kamino, an application on the Solana chain! PayPal's stablecoin PYUSD soared to over 1 billion in market value in just 351 days, far exceeding the growth rate of USDC and USDT.

On August 24, PYUSD reached a milestone, and Paxos celebrated on the X platform. On the Solana chain, PYUSD deployed over 647 million, and Kamino's lending platform accounted for 430 million, attracting investors with 13.63% APY+ bonus.

PYUSD locked $50.4 million in the USDC/PYUSD pool of the Orca exchange, while on Ethereum it mainly flowed to Curve Finance's FRAX/PYUSD pool, with an amount of $19.5 million.

Despite fierce competition, PYUSD performed well on Solana, growing 171% in the past 30 days, while USDT fell slightly. However, facing USDC's 2.5 billion market value and strong competitors in the top five stablecoin markets, PYUSD still needs to work hard.

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The rise of PYUSD is remarkable, and the potential of Solana chain applications should not be underestimated. What are your views on the future of PYUSD and the sustainability of the Solana ecosystem? Come and share in the comment area! #PYUSD😂 #Telegram创始人被捕 #MtGox钱包动态 #新币挖矿TON #美国7月PPI低于预期