PYUSD adoption expands beyond apps, entering DeFi protocols on both Ethereum and Solana with broader utility.
Ondo, Zero Hash, and Morpho support unlocking more real-world use cases and passive yield opportunities.
The supply of PayPal’s PYUSD stablecoin is approaching the psychological $1 billion mark, according to Token Terminal. While it was initially launched as a stable digital payment alternative, it has now expanded further into the DeFi space.
The surge has not only occurred on the Ethereum network, but also on Solana, which has seen distribution growth of over 170% in the past month. Many initially thought PYUSD would only “hang out” in PayPal and Venmo wallets, but it turns out that it is now starting to be used in a wider—and riskier—ecosystem.
In mid-May, a report from CNF revealed a new feature from Ondo Finance that allows instant conversion between OUSG (a tokenized Treasury asset) and PYUSD. The process? No fees and no time lag. This feature is a kind of e
