The Value of PayPal Stablecoin Plummets by 40 Maintaining User Focus After DeFi Coin Scattering

DragonFly Capital’s managing partner, Haseeb Qureshi, also commented on the significant decrease in market capitalization of PYUSD, stating, “As Kamino Finance’s rewards gradually decrease, PYUSD has been heavily discounted. What can we learn from this? The phenomenon of a significant drop in value is not uncommon, which reminds me of the recent popularity of the Sui ecosystem.”