Breaking News: PayPal USD, a stablecoin issued by Paxos, is now live on Solana!
We're excited to announce that PayPal has launched the PYUSD stablecoin on the Solana blockchain, leveraging the power of token extensions.
✉️PayPal released a letter showcasing how Solana's low costs, close to instant settlement, high throughput, and advanced token extensions functionality make it an ideal network for issuing PYUSD: https://lnkd.in/g7uBEKDF
🪙Token extensions enable technology companies like PayPal to issue permissioned tokens on Solana's permissionless network easily out-of-the-box, showcasing the growing trend of institutions choosing Solana for stablecoins, RWAs, and more: solana.com/tokenextensions
👩💻 Developers can start integrating PYUSD support into their dApps today: https://lnkd.in/gEBs48mw
Read more from CoinDesk: https://lnkd.in/gCgeGEzN
Director Business Development at Power-Quality Concepts Inc.
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