The market value of the PYUSD stablecoin fell to 618 million US dollars, down 40% from the high of over 1 billion US dollars at the end of August, mainly due to the decrease in the circulation of PYUSD on the Solana network. Haseeb Quresh, managing partner of DragonFly Capital, said that the decline in PYUSD yields on platforms such as Kamino, Drift, and MarginFi has led to a decrease in the market value of PYUSD stablecoins.