PayPal USD (PYUSD), a stablecoin issued on Solana and Ethereum chains, can now be accessed on the Cardano (ADA) ecosystem through a cross-chain bridge developed by Wanchain. This bridge will offer users more options and flexibility when transferring assets across different chains. The integration of PYUSD into Cardano's decentralized finance ecosystem is expected to enhance synergy between networks and drive the next wave of blockchain interoperability. PYUSD, which is backed by US dollar deposits, has a total supply of around $515 million. This expansion comes after FV Bank added PYUSD to its stablecoin services and PayPal allowed US merchants and consumers to buy, hold, and sell cryptocurrencies.
Content Editor ( crypto.news )
- 2025-01-28
PayPal’s PYUSD stablecoin joins Cardano’s ecosystem
