Haseeb Qureshi, Managing Partner of DragonFly Capital, also commented on the significant decrease in market value of PYUSD, stating, “As Kamino Finance’s reward measures gradually decrease, the market value of PYUSD has been greatly discounted. What can we learn from this? The act of flooding the market with coins is not uncommon, which reminds me of the recent hype around the Sui ecosystem.”
PayPals Stablecoin Market Value Plummets by 40 How DeFis Coin Toss Keeps User Focus Intact