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In January, Ethereum’s on-chain data revealed that stablecoin transaction volumes had reached an impressive $652 billion. This number has seen notable fluctuations throughout the year, with a significant peak in April when transaction volumes soared to $1.18 trillion.

As the cryptocurrency market continues to evolve, Solana (SOL) is emerging as a formidable contender in the digital payment landscape, often compared to traditional giants like PayPal.

PayPal has teamed up with Anchorage Digital to introduce a new rewards program for clients holding PayPal’s USD stablecoin (PYUSD).

PayPal Holdings, Inc. (NASDAQ: PYPL) has announced impressive financial results for the second quarter ending June 30, 2024, exceeding market expectations and demonstrating robust growth across key metrics.

Solana, ranked as the fourth-largest blockchain by total value locked (TVL), is witnessing a surge in institutional adoption.

Recent reports indicate that the Central Bank of the UAE has given the green light to a new regulation governing the licensing and supervision of stablecoins. Additionally, a set of policies to bolster the banking, insurance, and financial services sectors has been approved.

PayPal has expanded its PYUSD stablecoin onto the Solana blockchain, introducing a new feature called "confidential transfers." This feature allows merchants to keep transaction amounts confidential while maintaining regulatory visibility.

PayPal has revealed its decision to adopt the Solana blockchain for expanding its stablecoin, PayPal USD (PYUSD), marking a significant departure from its previous reliance on the Ethereum ecosystem.

After Venmo announced an increase in transaction fees, Dan Romero, co-founder of Farcaster, proposed the idea of a stablecoin payments app for US-based freelancers, citing dissatisfaction within the community.

BVNK, a provider of payment infrastructure, has announced the incorporation of the PayPal USD (PYUSD) stablecoin, issued by Paxos Trust Company, into its payment system.

In order to solve the environmental issues related to Bitcoin mining, PayPal's Blockchain Research Group is putting forth an innovative solution in partnership with Energy Web and DMG Blockchain Solutions. The study employs the fundamental economic tenets of cryptocurrencies to motivate miners to adopt sustainable practices.