Crypto Live News
Author: Nidhi Kolhapur
Author: Nidhi Kolhapur
Nidhi Kolhapur 
Author
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
Aug 10, 2024 8:53
Nidhi Kolhapur
Author
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
The PayPal USD market cap has risen by 150% since its expansion to Solana on May 29, with the stablecoin’s total value now sitting at $684 million, based on DefiLlama data. The usage of PYUSD is practically evenly distributed between Solana and Ethereum, as both blockchains show 48.32% and 51.68% dominance, respectively. However, despite its growth, PYUSD is still far away from Tether USD (USDT) and USD Coin (USDC). USDC dominates 70.5% of Solana’s stablecoin total market value, while USDT rakes up 20%. PYUSD has nearly 9% dominance.
