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The scammer Chen Zhi was arrested in Cambodia and extradited to China
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PayPal's PYUSD on Solana surpasses 1 billion USD — Fintech giants enter the blockchain era
The total circulating supply of the PYUSD stablecoin issued by PayPal on the Solana blockchain has surpassed the 1 billion USD mark — a significant milestone demonstrating the strong rise in the adoption of Solana by major fintech companies.
PYUSD was created to provide fast and low-cost digital transactions, and this rapid development reflects the strong demand from institutions for blockchain-based payment systems. Thanks to its high transaction speed and extremely low fees, Solana has become the ideal network for fintech companies seeking scalable solutions.
The integration of PYUSD helps PayPal expand its reach in decentralized finance (DeFi) and payments using stablecoins, while also demonstrating the trend of publicly listed fintech companies shifting to Solana to optimize performance and transparency.