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PayPal's Stablecoin Hits $1B Market Cap as Incentives Boost Activity on Solana

The payments company's stablecoin entry was off to a slow start last year on Ethereum, but its recent expansion to the Solana blockchain and DeFi reward programs reignited the token's growth.

A large PayPal logo is on display outside its corporate HQ (Shutterstock)
PAYPAL Headquarters (Shutterstock)