PayPal selects Solana as default network for PYUSD, citing low fees and high throughput for stablecoin payments.
PayPal has named Solana as the default blockchain for PYUSD stablecoin payments, marking a new step in its digital asset strategy.
The company said the integration aims to provide faster settlement and near-zero transaction costs for users worldwide.
PayPal Makes Solana Default for PYUSD Stablecoin Payments
PayPal selected Solana as the primary network for processing PYUSD transactions.
PYUSD is a U.S. dollar-pegged stablecoin launched in 2023. It is fully backed and redeemable one-to-one for U.S. dollars.
The stablecoin first launched on Ethereum as an ERC-20 token. PayPal expanded PYUSD to Solana in May 2024.
Solana now serves as the default blockchain for payments using the token.
PAYPAL MAKES SOLANA ITS DEFAULT NETWORK FOR STABLECOIN PAYMENTS
PayPal has selected Solana as the default blockchain for processing transactions with its stablecoin, $PYUSD.
Here are the facts:
💸 PYUSD is a U.S. dollar-pegged stablecoin, fully backed and redeemable 1:1 for… pic.twitter.com/MzEdqlX0vR
— CryptosRus (@CryptosR_Us) February 15, 2026
PayPal said Solana’s on-chain performance supports large transaction volumes. The network offers high throughput and low fees.
These features align with PayPal’s focus on cost efficiency and speed.
Why PayPal Selected Solana Over Other Networks
Solana processes transactions at high speed with minimal fees. This allows faster settlement for global payment flows.
Lower operational costs can also benefit users and merchants. PayPal has expanded its crypto services since 2020.
The company continues to integrate blockchain infrastructure into its payment systems. The Solana decision reflects ongoing efforts to modernize digital currency operations.
Market data shows Solana’s decentralized exchange volume reached $117 billion in 2026.
Ethereum recorded about $52 billion during the same period. Analysts note that transaction activity on Solana has grown steadily.
Related Reading: PayPal Applies for Utah Bank License to Launch PayPal Bank
Solana’s Expanding Role in Institutional Crypto Infrastructure
Solana has introduced a digital asset treasury model with Anchorage Digital and Kamino.
The structure allows institutions to borrow against staked SOL. Participants may earn staking rewards while accessing liquidity.
The tri-party custody model includes automated loan-to-value monitoring.
Margin calls are also managed through system oversight. This framework aims to support institutional participation.
Despite network growth, SOL has faced price volatility. The token trades near $87 and remains down year-to-date.
Standard Chartered has projected Solana could reach $2,000 by 2030, though market conditions remain fluid.
PayPal’s adoption of Solana as the default network places the blockchain within a global payment system.
The move connects a regulated stablecoin with high-speed infrastructure. Industry participants continue to monitor usage trends and capital flows across both networks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Solana DApp Revenue Drops to $22 Million, SOL Price Falls 11% in Three Days to $87
Solana ecosystem decentralized application revenue has dropped to an 18-month low, with SOL price recently declining 11% to $87, while long positions have been liquidated. Despite strong performance in DEX trading volume, it faces intense competition in the perpetual futures market.
GateNews1h ago
Solana on-chain revenue hits 18-month low, SOL may test $80 level
The Solana ecosystem has come under pressure recently, with SOL's price retreating from $97.70 to $87, representing a three-day decline of approximately 11%. Sentiment in the derivatives market is insufficient, with funding rates approaching historic lows, and on-chain DApp revenue has dropped to an 18-month low. Despite relatively solid performance on decentralized exchanges, new products and competition are putting pressure on capital flows. SOL is expected to remain range-bound and weak in the near term.
GateNews1h ago
Forward Industries Borrows $40 Million for Share Buyback, SOL Holdings Show Paper Loss Exceeding $1.1 Billion
Forward Industries announced the repurchase of over 6 million shares, reducing outstanding shares by approximately 7.4%. This repurchase was partially funded by a $40 million cryptocurrency loan, aimed at capitalizing on the current stock price trading below net asset value. The company faces over $1.1 billion in book losses while holding over 7 million SOL tokens, with a market value of approximately $614 million, indicating unusual financial circumstances. Management emphasized that the share repurchase strategy reflects confidence in the long-term value of SOL.
MarketWhisper2h ago
Solana's stablecoin supply reaches $17.9 billion, a record high, with USDC accounting for over 56%
Solana blockchain stablecoin supply reaches $17.9 billion all-time high, with USDC accounting for over 56%. Its stablecoin transfer volume surpasses Ethereum and Tron, demonstrating efficiency in payments and fund flows, highlighting its competitive advantage amid economic volatility.
GateNews2h ago
Solana price remains at $88, controversy over stablecoin yields heats up
Gate News report: On March 20, White House crypto advisors stated that friction between banks and crypto companies regarding stablecoin yields is unfounded, and expressed confidence in yield sharing. Meanwhile, Solana price maintained levels around 88 dollars. Additionally, crypto project Pepeto has recently garnered market attention.
GateNews2h ago
Solana Price Trend Shows Bearish Technical Pattern, Higher Time Frames Exhibit Weakness
Gate News Report: On March 20, Solana (SOL) price action displayed bearish technical formations on higher timeframes, with the market showing weakness. Technical charts indicate that SOL has formed bearish structures across multiple timeframes, with price action under pressure.
GateNews4h ago
