Solana hovers around $160 as SOL-based stablecoin hits $1 billion market cap

Summary

• PayPal’s stablecoin PYUSD on Solana hits $1 billion market cap
• PYUSD has 64% market share on Solana, 36% on Ethereum
• Solana price remains around $160 despite milestone
• Demand for Solana-based stablecoin driving growth

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