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

PayPal’s stablecoin PYUSD lost nearly 30% of its market cap over the last 30 days, sliding from over $1 billion to $712 million as of Sept. 25, according to on-chain data. The decline was primarily caused by a significant reduction of its market cap on Solana, which accounted for roughly 65% of the total market […] The post PayPal’s PYUSD stablecoin shrinks 30% in a month as DeFi yields on Solana plummet appeared first on CryptoSlate.