Catenaa, Sunday, April 13, 2025-PayPal has announced the addition of Solana (SOL) and Chainlink (LINK) to its crypto platform for US users, allowing them to buy, sell, hold, and transfer these assets directly.
Previously, customers could only access SOL and LINK through third-party services such as MoonPay while using PayPal as a payment method. This move marks a significant step in PayPal’s continued expansion into digital assets, following the launch of its crypto services in 2020 with support for Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.
PayPal’s deeper involvement in the crypto space includes the August 2023 introduction of PayPal USD, a stablecoin issued on both Ethereum and Solana. Despite regulatory uncertainty in the US that has slowed crypto adoption by major financial platforms, legal developments have eased some of the challenges. The SEC recently paused its litigation against Binance and dropped its case against Coinbase, making assets like Solana and Chainlink more attractive to institutional investors.
In addition to PayPal’s expansion, the growing institutional interest in crypto is evident in the venture capital funding flowing into the sector. Companies like RedotPay and Mesh have raised millions in funding to expand blockchain-based payment networks, with PayPal’s PYUSD stablecoin playing a role in these transactions. Meanwhile, fintech giant Stripe has re-entered the crypto space, further solidifying stablecoins’ role in financial transactions.
