Introduction Recently, PayPal announced that $PYUSD, their own stablecoin, will be issued on the Solana blockchain. Initially introduced in August 2023 to the 428 million active accounts on PayPal and Venmo through the Ethereum blockchain, this article explores why PayPal, one of the biggest payment service providers, decided to onboard stablecoins and the potential effects of this decision. What is $PYUSD? PayPal USD ($PYUSD) is a stablecoin created by PayPal. According to the company, the s...
