PayPal has expanded its PYUSD stablecoin to the Solana blockchain.

The network's speed and low transaction fees are key factors for this expansion.

The move aims to tap into the memecoin market and support high transaction volumes in retail.

PayPal plans to extend PYUSD's reach to retail payments and emerging markets in Latin America, Southeast Asia, and Africa.

Despite regulatory challenges, PayPal remains confident in Solana's stability.

PayPal is considering integration with additional blockchains.

Traditional payment companies are showing growing interest in digital assets, with Stripe Inc. enabling stablecoin payments for its merchants.

Solana's current price is $168, showing a 1% increase in the last 24 hours and a 24% increase in the last month.