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