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Solana-Based PYUSD Stablecoin Approaches $240 Million in Supply Since May Launch

Solana-Based PYUSD Stablecoin Approaches $240 Million in Supply Since May Launch

Bitget2024/07/29 21:55

According to Dune Analytics dashboard data cited by the Solana Foundation, the Solana-based PYUSD stablecoin is now approaching $240 million in supply since its launch in May, compared to approximately $348 million in supply for the ethereum-based PYUSD token, which was launched on ethereum nearly a year ago. Sheraz Shere, General Manager of Payments at Solana Foundation, said, "This rapid growth underscores the strength and efficiency of the Solana network."

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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