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Injective Integrates with PYUSD

Twitter icon  •  Published 7 months ago on June 13, 2024  •  Hassan Maishera

The Injective team announced via X on Wednesday that it has integrated with PYUSD, the stablecoin issued by PayPal.

Injective Integrates with PYUSD

The Injective team announced via X on Wednesday that it has integrated with PYUSD, the stablecoin issued by PayPal. Thanks to this latest development, Injective has become the first layer-1 to support the stablecoin released by PayPal and Paxos.

PYUSD can be onboarded from Ethereum & Solana onto Injective. dApps on Injective can utilize $PYUSD for lightning-fast payments, trading, DeFi, and more.

Injective is an open, interoperable layer-one blockchain for building powerful DeFi applications. Injective uniquely provides plug-and-play financial infrastructure primitives, such as a high-performance on-chain decentralized exchange infrastructure, decentralized bridges, oracles, and a composable smart contract layer with CosmWasm. INJ is trading at $30.24, up by 9% in the last 24 hours.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.