PayPal Launches PYUSD on Solana with Confidential Transfers, Programmable Hooks
PYPL•PayPal deployed its PYUSD stablecoin on Solana’s network using the Token-2022 standard, enabling confidential transfers, programmable hooks and enhanced compliance. The move comes as Solana processes 33 billion transactions at $0.0013 fees and 0.4-second finality while SOL trades 75% below its January 2025 high.
1. Deployment of PYUSD Stablecoin
PayPal launched its PYUSD stablecoin on Solana’s blockchain, selecting the Token-2022 standard to provide confidential transaction capabilities, programmable transfer hooks and enhanced compliance controls. This integration positions PayPal to leverage Solana’s architectural strengths for its stablecoin issuance and settlement.
2. Institutional Adoption and Network Performance
Major financial firms are building on Solana’s rails, with JPMorgan arranging a $50 million commercial paper issuance, Franklin Templeton tokenizing ETFs, BlackRock’s BUIDL fund reaching $525.4 million, Visa expanding USDC settlements and Goldman Sachs holding $108 million in SOL. The network handled 33 billion transactions in 2025 at an average fee of $0.0013 and 0.4-second finality, highlighting significant cost and speed efficiencies.
