PayPal’s PYUSD Stablecoin Hits $1B Market Cap As Activity Increases On Solana (SOL) Blockchain Amid DeFi Rewards

“My view is that these incentives are not sustainable, but they are not designed to be permanent,” David Shuttleworth, partner at research firm Anagram, told CoinDesk. “Part of the idea here is to get more PYUSD into circulation and get users, especially new ones, on-chain and active in the Solana ecosystem.”