The speed and scalability of Solana makes PYUSD accessible, cost-effective and instantaneous, facilitating an array of use cases.
PayPal USD (PYUSD) is now available on Solana, offering developers a new stablecoin option for their projects. With easy access to test tokens on the Solana Devnet faucet, comprehensive developer documentation and compatibility with the broader Solana ecosystem, building with PYUSD has never been more accessible.
This article explains what PYUSD is, where and how to build with PYUSD, and how developers can leverage this new stablecoin for their projects.
The PayPal USD (PYUSD) stablecoin is issued and managed by Paxos Trust Company on behalf of PayPal. Its goal is to maintain a stable 1:1 value with the United States dollar, giving the cryptocurrency market a trustworthy and safe digital version of the U.S. dollar. By fusing the payments expertise of PayPal with the technological advantages of blockchains like Ethereum and Solana, PYUSD seeks to transform digital payments.
