Solana Integrates PYUSD—PayPal Partnership Sends SOL Up 8.2%
💸 PayPal’s stablecoin PYUSD is now live on Solana, triggering an 8.2% price surge for SOL and marking a major milestone in crypto payments. The integration brings $400M in PYUSD liquidity to Solana’s DeFi ecosystem, with support from Phantom, Crypto.com, and Venmo wallets.
📈 Solana’s network processed 1.5 trillion stablecoin transfers in April alone, and PYUSD is now leveraging Solana’s 400ms block times and sub-cent fees to deliver instant settlement across 34 countries.
💬 “Solana’s speed and scalability make it ideal for global financial institutions,” said Sheraz Shere, GM of Payments at Solana Foundation.
Kamino’s PYUSD vaults are offering 3x yield multipliers, and supply has grown 85.5% in two weeks, reaching 134.5M PYUSD.
📊 Key metrics:
- SOL price: $151.27 (+8.2%)
- PYUSD supply on Solana: 134.5M
- Kamino vault APY: up to 19.4%
- Transaction failure rate: <0.2%
- Wallet support: 100+ wallets including Phantom and Venmo
Why it matters:
✅ Solana becomes the fastest stablecoin settlement layer in crypto
✅ PayPal’s entry legitimizes Solana for enterprise payments
✅ Meme coin and NFT ecosystems benefit from new liquidity rails
🧠 Will Solana flip Ethereum in payment volume—or will congestion return as adoption scales?
👇 Are you holding SOL or farming PYUSD yield on Kamino?
📌 Follow me for daily Solana ecosystem updates and stablecoin adoption trends.
Solana #PYUSD #PayPalCrypto #StablecoinAdoption #KaminoVaults
