PayPal Expands PYUSD Stablecoin to Solana for Enhanced Payment Efficiency

The move aims to leverage Solana's lower transaction fees and higher throughput for better retail payment solutions.

PYUSD, initially launched on Ethereum, is now available on Solana for broader payment applications.
Solana's faster and cheaper transactions are expected to benefit PYUSD's retail and peer-to-peer payment use cases.
PayPal's long-term crypto strategy includes exploring new payment functionalities with PYUSD on Solana.
Despite its potential, PYUSD remains a small player in the stablecoin market, dominated by USDT and USDC.
PayPal's cross-border payment service, Xoom, will also support PYUSD for remittances.