PayPal’s PYUSD Stablecoin Gains Ground in Market Dominance

PayPal’s new stablecoin, PYUSD, has seen its market capitalization surge to $3.8 billion, demonstrating significant growth within the stablecoin landscape. This success can be attributed to several factors including multi-chain expansion and regulatory compliance. The stablecoin, launched on Ethereum and expanded across blockchains like Solana with LayerZero’s interoperability, benefits from growing institutional trust and user demand. 💰 PYUSD’s interest rate of 3.7% further attracts users seeking higher returns. 📈 💰