PayPal's PYUSD Stablecoin Market Cap Hits $1B, Signaling Solana Dominance

On-chain activity is the secret to seeing the future. PayPal's PYUSD has hit a billion-dollar market cap, and analysts are paying close attention.

PayPal’s stablecoin, PYUSD, has hit a billion-dollar market cap, and rising stablecoin liquidity dictates how high crypto trades. More liquidity on-chain in the meme coin form is good news. Poodlana has been surging and is the best play for leveraged Solana (SOL) exposure in the next 12 months.

PayPal’s stablecoin growth

PayPal’s stablecoin growth has been nothing short of miraculous. The ability to digitize dollars has been one of crypto’s most significant contributions to global finance, rapidly starting to eat into the remittance market for cross-border payments. Still, competition is fierce, and Tether’s massive lead has proven nearly impossible to challenge. So, how did PayPal grow the PYUSD supply so quickly?

In May of this year, PayPal launched PYUSD on Solana, partnering with Phantom to on-ramp users onto the network. Incentives were launched on several of Solana’s largest decentralized finance (DeFi) platforms, such as Kamino, and the rest is history. Users want stablecoins on Solana, and by targeting networks with heightened activity, PayPal was able to grow the supply faster than anyone had imagined.

The starstudded rise of Poodlana

Analysts focus on signals instead of noise, and PYUSD’s rise clearly signals that Solana is dominating on-chain trading. Naturally, investors want to be exposed to the best altcoins on this network. Poodlana has been a success story going against the grain since its $8 million presale.

Instead of following the crowd, Poodlana takes a different approach. Branded as the “Hermès of Crypto” and doubling down on glamour and luxury, this high-end meme coin has broken away from the crowd and become an enigma. Most meme coins rely on tacky branding and marketing, but Poodlana swims against this current, getting recognized as the most important thing for a meme coin.

Arriving as a breath of fresh air and already listed on MEXC and BingX, POODL holders are going against the consensus of typical meme architecture. Seasoned traders know that the best opportunities are always contrarian at the outset.

Continue reading on to learn why meme coins like POODL are the best altcoins this cycle

Poodlana’s rejection of the norm and embracing of high-end fashion has proven to be a winning strategy. Meme coins trade attention, and standing out is the best way to gain it. Already massively popular in Asian markets and seeking to list on more centralized exchanges, this glamorous poodle has catapulted itself into the position of best altcoin to own this quarter.

Meme coins trade as leveraged bets on the native token of the network, and holding POODL is a leveraged bet on Solana. PYUSD’s success on the network is the signal that investors should be listening to. Solana is ground zero for on-chain activity this cycle, and POODL could print crazy returns when SOL makes a new all-time high (ATH).

For more details, visit the Poodlana website.