On-chain data shows that the supply of PYUSD has increased to 399,102,730.39, the current number of holders is about 8,761, and the on-chain transaction volume has reached 112,927.
Yesterday, PayPal announced that it has chosen the Solana blockchain to expand its stablecoin PayPal USD (PYUSD), marking its first expansion outside the Ethereum ecosystem. According to the announcement, PYUSD has been added to the Solana network, allowing users to trade at a lower cost. The move is intended to expand the use of the PYUSD stablecoin as a payment method for small and daily purchases.