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PayPal’s PYUSD stablecoin market value has fallen 40% from its August high

2024-10-16 16:14

Odaily News PayPal's PYUSD stablecoin has fallen 40% from its August high of more than $1 billion to a current market value of about $618 million. Haseeb Qureshi of DragonFly believes that the trend is caused by lower yields for lenders on platforms such as Solana-based Kamino, Drift and MarginFi. (THeBlock)

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