PayPal’s PYUSD supply surges 90% after Solana expansion, market cap hits $500 million

PayPal’s PYUSD stablecoin supply has grown by 90% after it expanded to the Solana blockchain in May, with its market capitalization surpassing the $500 million mark.

Further analysis of the data shows that its adoption on the Solana network is rising, with the supply on the network rising roughly 58% during the past week.