Crypto exchange Bybit announced support for PayPal USD (PYUSD) on the Solana blockchain. Bybit users can now deposit and withdraw PYUSD, leveraging Solana's fast and reliable network.
PayPal USD Support on Solana
Bybit has become the first top-three crypto exchange to offer the ability to use PYUSD on Solana, providing its users with new opportunities to synergize crypto investments with global payment systems.
PYUSD Performance and Significance
Since its debut, PYUSD has demonstrated excellent performance on Solana, processing over 500,000 transactions. Currently, PYUSD is ranked 6th by market capitalization among stablecoins and has shown the highest month-on-month growth among the top 10 stablecoins.
Bybit's PYUSD Campaigns
To celebrate the historic launch, Bybit has introduced three exclusive campaigns aimed at maximizing PYUSD's potential. Among the offers are rewards for trading Solana tokens, bonuses for new users, and additional yields on PYUSD fixed savings.
The integration of PYUSD on Solana underscores Bybit's commitment to enhancing digital asset capabilities and providing more efficient and flexible solutions for its users.
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