- PYUSD and Solana – A Look at On-Chain Performance and Issuance Data
- Expert Opinions
- Bybit Launches PYUSD Campaigns with Different Yield Opportunities
Leading cryptocurrency exchange Bybit has announced support for PayPal USD (PYUSD) for deposits and withdrawals on the Solana blockchain. Bybit has become the first top-three exchange to offer this feature, enabling users to integrate their cryptocurrency investments with global payments on Solana.
PYUSD and Solana – A Look at On-Chain Performance and Issuance Data
Since its debut, PYUSD has shown excellent performance on the Solana blockchain. The stablecoin has processed over 500,000 transactions, indicating its growing adoption across various financial applications. PYUSD is ranked sixth in market capitalization among stablecoins and displays the highest month-on-month growth among the top 10 stablecoins.
Expert Opinions
Emily Bao, head of Web3 and SBU at Bybit, noted: “PYUSD’s performance on Solana shows the market demand for a regulated, secure stablecoin that can keep pace with rapid developments in decentralized finance.” Lily Liu, president of the Solana Foundation, added: “PYUSD on Solana is a significant milestone for the ecosystem, demonstrating that Solana can support a global payments network.”
Bybit Launches PYUSD Campaigns with Different Yield Opportunities
To commemorate this historic launch, Bybit introduces three exclusive campaigns designed to maximize PYUSD's potential for retail and institutional investors. These campaigns include the opportunity to trade top Solana tokens, earn extra SOL rewards for trading the SOL/USDT pair, and subscribe to the limited PYUSD Fixed Savings product.
The launch of PYUSD support on the Solana blockchain confirms Bybit's commitment to advancing digital assets and providing users with cutting-edge solutions and trading opportunities.
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