PayPal’s PYUSD Pushes Towards $1 Billion Supply Mark
PYUSD adoption broadens beyond apps, entering DeFi protocols on both Ethereum and Solana with more comprehensive utility. Ondo, Absolutely no Hash, and Morpho support unlocking more real-world use cases and passive yield opportunities. The supply of PayPal’s PYUSD stablecoin is…
(@tokenterminal) June 8, 2025 Solana Becomes PYUSD’s Second Home, DeFi Opens Its Doors Wide. Surprisingly, although Ethereum has been PYUSD’s primary home since the start, Solana is now beginning to compete in terms of distribution volume. Not only that, PayPal likewise started offering a 3.7% annual yield for US users who hold PYUSD in their wallets. PYUSD has even crossed over from the e-wallet world to the world of traders, yield farmers, and hardcore DeFi users.
(@tokenterminal) June 8, 2025 Solana Becomes PYUSD’s Second Home, DeFi Opens Its Doors Wide. Remarkably, although Ethereum has been PYUSD’s primary home since the start, Solana is now beginning to compete in terms of distribution volume. These two platforms make PYUSD more than just a stablecoin: it can be lent, used as collateral, or saved while earning daily interest. Last May, PYUSD could also be used as collateral at Morpho Blue. Not just that, PayPal also started providing a 3.7% annual yield for US users who hold PYUSD in their wallets. PYUSD has even crossed over from the e-wallet world to the world of traders, yield farmers, and hardcore DeFi users.
