PayPal Selects Solana as Preferred Blockchain for PYUSD Stablecoin

PayPal has selected Solana as the default blockchain for its PYUSD stablecoin, underscoring the growing institutional significance of the network. Launched in 2023, PYUSD is pegged 1:1 to the US dollar and subject to US regulation ^[1].

Through the integration of Solana, PayPal aims to enable near-instantaneous transactions at minimal costs. The decision comes at a time when the SOL price is under pressure and, despite a short-term recovery of approximately 7 percent, is trading at around $89 ^[1].

The move aligns with PayPal's ongoing crypto expansion: In 2020, the company first enabled US customers to purchase and hold digital assets such as Bitcoin and Ethereum. In 2021, the payment function with cryptocurrencies at merchants followed, and in 2022, the connection of external wallets—a first among major payment providers ^[1].

By choosing Solana as the preferred infrastructure for PYUSD, PayPal is further positioning itself as a bridge between the traditional financial sector and the digital asset world ^[1].