PayPal and Solana are partnering up. And it might be the beginning of a massive acceleration for the adoption of one of the most exciting new stablecoins.

‍What’s happening:‍

• PayPal (NASDAQ: PYPL) has announced that their stablecoin is now available on the Solana blockchain for payments and transactions
  

Why it matters:‍

• The Solana blockchain is one of the lowest cost blockchains per transaction, which makes it ideal for integrating PYUSD for stablecoin transfers and payments
  
• PayPal is the first publicly traded payments company to ever launch their own stablecoin, which has been seeing a surge in activity and adoption
  

Going deeper:‍

• PayPal initially launched PYUSD on the Ethereum blockchain
  
• Crypto.com, Phantom and Paxos are the first three platforms to enable purchasing PYSUD on the Solana blockchain
  

The intrigue:‍

• The Solana ecosystem has been on the rise, with new wallet activity growing exponentially and the launch of new integrations with leading digital asset exchanges such as Binance

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