PayPal Expands PYUSD Stablecoin to Solana Blockchain

Krutika Adani

Low-Cost Transactions

The primary aim of PayPal is to benefit from the low network fees.

Benefit From Memecoin Rally

Further, with an ongoing memecoin rally, PayPal expects increased PYUSD usage on Solana.

Catch Falling Market Share

PYUSD has been facing a decline in its market share. On Ethereum, users primarily prefer USDT, USDC, and FDUSD. Solana has comparatively lower competition.


The stablecoin struggles on Ethereum with merely 8,600 holders and a market cap below $400 million.

Why PYUSD Lags

The PYUSD stablecoin has no cross-chain protocol like USDC, and it is difficult to buy it outside the US.