From InvestAnswers:
"PayPal’s PYUSD stablecoin, which launched on Solana, has surpassed a $1 billion market cap, growing 271% since its introduction. Solana now accounts for 88% of this growth, thanks to its fast settlement, low fees, and developer-friendly environment. PayPal chose Solana for its unique token extensions, which enhance compliance and functionality without needing complex infrastructure. As a result, Solana has become the primary home for PYUSD, with 81% of the stablecoin's supply actively used in DeFi protocols on the network."
For some reason, I'm super wary of this rocketing growth, and I feel a rug coming on soon. How is PYUSD able to generate so much market cap and volume on Solana? Would be interesting to see an on-chain breakfast of its activity, experts needed! Show Less
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