Just in: PYUSD reaches $900M.
The PayPal stablecoin, PYUSD, has finally achieved a market cap of over $900M. This increase in PYUSD minting is attributed to the expansion of its operations from the Ethereum network to the Solana network at the end of May 2024. Solana-based protocols such as Kamino, Drift, and Marginfi have introduced PYUSD-boosted rewards with double-digit annualized returns for token holders, leading to an increase in active PYUSD addresses to up to 24K. So do you use PYUSD?
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