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PayPal’s PYUSD stablecoin shrinks 30% in a month as DeFi yields on Solana plummet – TON BOT

PayPal’s PYUSD stablecoin shrinks 30% in a month as DeFi yields on Solana plummet

PayPal’s stablecoin, PYUSD, experienced a nearly 30% market cap drop, from over $1 billion to $712 million, primarily due to losses on Solana. Despite this, average daily transfer volume remained strong at $242.2 million. The decline is linked to reduced DeFi yields and changing incentive allocations amid new partnerships.


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