PayPal Stablecoin Market Value Plunges by 40 How DeFis Recent Surge Leaves User Retention in Focus

DragonFly Capital’s managing partner, Haseeb Qureshi, also commented on the significant decrease in market value of PYUSD. He said, “With the gradual reduction of rewards from Kamino Finance, 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 popular Sui ecosystem.”