Pyusd Solana Launch 2024 event
Overview
PayPal stated on May 29, 2024 that PYUSD became available on the Solana blockchain, marking the stablecoin's second network following its initial deployment on Ethereum in August 2023. The disclosure occurred at Consensus 2024, where PayPal attributed the move to Solana's higher transaction speed and lower costs. Paxos continued as the token's issuer for the Solana-native version, with initial access points including Crypto.com, Phantom and Paxos. Over subsequent years, Solana's proportion of total PYUSD supply increased significantly.
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Frequently asked questions
What is Pyusd Solana Launch 2024?
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What type of entity is Pyusd Solana Launch 2024?
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