Paypal has announced a global hackathon for its stablecoin, PYUSD, with prizes totaling 40,000 PYUSD. The move follows the launch of the Paypal stablecoin on Solana. The hackathon will be held from August 12 to September 16 and aims to promote innovation and the adoption of PYUSD on Solana. "In May, Paypal announced the launch of PYUSD on Solana, marking a new stage of opportunity and adoption for stablecoin payments," the Paypal technical team said, adding: "Today, we are pleased to announce the launch of the first global PYUSD portal hackathon, a collaboration between Paypal and Portal, built on Solana."