PayPal has launched its stablecoin, PayPal USD (PYUSD), on the Solana blockchain last week. This move is aimed at leveraging Solana's capabilities for fast payments and efficient processing. Solana claims to have processed approximately twice the amount of stablecoins in 2023 compared to Ethereum. PayPal printed 40 million PYUSD on Solana, marking its second blockchain integration for the stablecoin. Key figures such as Edwin Aoki from PayPal, Sheraz Shere from the Solana Foundation, and Ronak Daya from Paxos have discussed the strategic decision to choose Solana for issuing PYUSD at scale during Consensus 2024.
🚨 BREAKING: $PYUSD (@PayPal) stablecoin is now officially live on @solana. @edwinaoki and @ronakdaya discuss why they chose Solana to issue PYUSD at scale. https://t.co/HwZNbnxzFp
Still buzzing with excitement from last week's PayPal USD launch on Solana 🚀 Hear from @EdwinAoki at @PayPal, @SherazShere at @SolanaFndn and Paxos’ @RonakDaya about why @Solana was selected as PYUSD’s second blockchain ⬇️ https://t.co/6SHpYri5CO
PayPal USD is live on Solana! Hear from @edwinaoki and @ronakdaya at Consensus 2024 on why they chose Solana to issue PYUSD at scale, along with @sherazshere. https://t.co/6EIf6RW4OC
Still buzzing from the excitement of the PayPal USD launch on Solana last week 🚀 Hear from @EdwinAoki at @PayPal, @SherazShere at @SolanaFndn and Paxos’ @RonakDaya about why @Solana was selected as PYUSD’s second blockchain ⬇️ https://t.co/Y1pcVH4L4d
PayPal @PayPal prints 40m $PYUSD stable coin on #Solana ☝️ https://t.co/apn94IUUTk
📌 $PYUSD: @PayPal's #Solana-Powered #Crypto for Fast #Payments https://t.co/Qu6AHMp8UL @xbond49 @odtorson @NeiraOsci @JimMarous @dionlisle @sytaylor @gumdalf_ @Anton_Golub @richardturrin ✍️ Solana claims processing c. x2 the amount of #stablecoins in 2023 than Ethereum` https://t.co/s13aZz5qu5