PYUSD is available on Solana, enabling one to choose from multiple blockchains, leading to a robust ecosystem with better flexibility and control.
) is now available on Solana, offering developers a new stablecoin option for their projects. With easy access to test tokens on the Solana Devnet faucet, comprehensive developer documentation and compatibility with the broaderThis article explains what PYUSD is, where and how to build with PYUSD, and how developers can leverage this new stablecoin for their projects.The PayPal USD stablecoin is issued and managed by Paxos Trust Company on behalf of PayPal.
Token extensions on the Solana blockchain are potent tools that expand the functionality of the Solana Program Library Token Program, the standard for creating tokens. TEs are composable modules that can be applied to a token to offer specific features or functionalities. SimpleConfidential transfers: Allowing merchants the option to maintain confidentiality of transaction amounts while maintaining visibility of other transaction details for regulatory purposes.
However, developers now have native access to a full range of programmability features when minting tokens with enabled token extensions. With this simplified method, developers can enable or disable particular capabilities on a per-feature basis, customizing their tokens to fit the specific requirements of their apps.
Essential features like minting, transferring and freezing tokens were part of the initial tokens program, but the TEs have brought in additional features such as confidential transfers, extended metadata, custom transfer logic and much more .PYUSD is accessible in major Solana wallets and on exchanges, including Phantom and centralized platforms like Crypto.com. Additionally, eligible users can buy, sell and use PYUSD within the PayPal ecosystem, including PayPal and Venmo.
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