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
Phantom
1mo
🙌
Sagar Gulati
1mo
Meta, Stripe, Shopify Payments, Paypal. #Solana is taking it to another level in #blockchain. Glad to be part of this futuristic ecosystem. #OPOS
https://t.me/quizearnbot/quiz?startapp=58658645483319771
"Exciting news about PayPal launching PYUSD on Solana! This move highlights Solana's strengths in low costs, rapid settlements, and advanced token functionalities. It's fascinating to see major institutions like PayPal embracing Solana for their stablecoins. How do you think this development will impact the adoption of stablecoins and the broader DeFi ecosystem? Are other blockchains likely to follow suit? 🚀💬"
JP Smith
4w
So Paxos can’t issue BUSD, but now they can issue USD in conjunction with PayPal, literally the worst payment processor in the world?
Skew Labs
1mo
This is fire!
Hasni Degla
1mo
Amazing it’s a new step to the mass adoption
Binestate
1mo
🚀🚀🚀 SOLANA ON TOP!
Paul Grey
1mo
I'm curious about the Confidential Transfers option.
VIP Services/Client Relations Specialist & Web3 Enthusiast
1moVisa, Shopify, stripe, and now PayPal. #solana is going to be the #1 #blockchain of choice and for global adoption going forward