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

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."