Breaking: PayPal makes Solana its virtual network for stablecoin payments.
PayPal has chosen the Solana network to be the blockchain for processing its stablecoin transactions, $PYUSD.
Here are the facts:
PYUSD is a stablecoin pegged to the US dollar, fully backed and redeemable 1:1 for USD.
It was originally launched on Ethereum as an ERC-20 token.
PayPal expanded the scope of $PYUSD to include Solana in May 2024.
The network
$SOL was chosen for its high speed and low transaction costs.
And now, Solana is the virtual network for PYUSD payments.
Why choose Solana
#SOL؟؟ ? Have you tho