PayPal USD is now available on the Solana blockchain.

Users of Solana, the third-most-utilized blockchain globally, can use the Paxos-issued PayPal USD for cross-border transactions, including remittances and various other purposes, PayPal announced on Wednesday. PayPal USD was initially launched on the Ethereum network last August.

“Making PYUSD available on the Solana blockchain furthers our goal of enabling a digital currency with a stable value designed for commerce and payments,” stated Jose Fernandez da Ponte, Senior Vice President of the Blockchain, Cryptocurrency, and Digital Currency Group at PayPal.

This new partnership is part of PayPal’s broader move into the crypto space. Earlier this week, PayPal Digital received approval for a limited-purpose trust charter, allowing it to operate as a cryptocurrency custodian and stablecoin issuer, as reported by Ledger Insights.

PayPal follows other payments companies in adopting Solana. Last fall, Visa announced it would launch USDC settlement on the blockchain.