Tether, the issuer of the largest stablecoin, USDT, announced a significant cross-chain swap on November 6, 2024, involving the transfer of more than $2 billion in Tether-USD (USDT) from multiple blockchain networks to the Ethereum network.
Read MoreSince its expansion to the Solana blockchain on May 29, PayPal USD (PYUSD) has experienced a dramatic 150% increase in its market capitalization, according to DefiLlama data. The stablecoin’s total market value has surged to $684 million, reflecting significant growth and adoption since its launch on Solana.
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