Payment systеm PayPal has announced that its PYUSD steiblcoin has become available on the Solana blockchain, in addition to the existing Ethereum network.
The integration with Solana will scale the use of the steiblcoin for cross-border payments, making transactions faster and cheaper.
Solana is known for its high transaction processing speeds of up to 65,000 per second.
At the same time, the transfer fee on Solana is only $0.0025, which is significantly lower than fees on the Ethereum network, which can reach up to $50 when congestion occurs.
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