US EditionPayPal Expands Stablecoin Offering To 70 Countries Worldwide - PayPal Holdings (NASDAQ:PYPL)
- On Tuesday, PayPal announced expansion of its dollar-backed stablecoin PYUSD to users in 70 nations, enabling consumers to buy, hold, send, and receive the token directly through their PayPal accounts.
- Previously limited to United States and U.K. customers, PYUSD market capitalization has quintupled over the past year to $4.1 billion, reflecting surging demand for dollar-backed digital payments.
- Users in newly supported regions can earn rewards on stablecoin holdings, with existing U.S. holders earning 4% annually, improving liquidity for international transfers.
- May Zabaneh, senior vice president and head of crypto at PayPal, called the expansion "really powerful" for integrating stablecoins into payment networks across regions like Peru and Uganda.
- Global stablecoin markets have reached $312 billion, with competitors Tether's USDT at about $143 billion and Circle Internet's USDC at roughly $78 billion leading the sector.
28 Articles
28 Articles
PayPal expanded the availability of PayPal USD (PYUSD) to 70 markets within PayPal accounts. According to the company, this dollar-backed stable will allow funds to be sent globally with faster payouts and at a lower cost than traditional payment methods. The announcement focuses on a sensitive point for millions of users: remittances and cross-border transfers. According to PayPal, users in new compatible markets will be able to buy, maintain, …
PayPal Expands Stablecoin Offering To 70 Countries Worldwide - PayPal Holdings (NASDAQ:PYPL)
PayPal (NASDAQ:PYPL) is expanding its PYUSD stablecoin (CRYPTO: PYUSD) to 70 markets worldwide, enabling users to skip cross-border transfer fees and bank withdrawal requirements. The 70-Country Expansion Customers in 70 nations can now hold PYUSD in their PayPal wallets, up from only the U.S. and U.K. previously. The expansion includes Uganda, Colombia, Peru, Singapore, Guatemala, and new additions across South America, Africa, and Asia, Fortu…
PayPal Expands PYUSD Stablecoin Access To 70 Global Markets
PayPal introduced PYUSD stablecoin access to users in 70 different countries. The expansion aims to improve global payments for consumers and merchants alike. Continue Reading:PayPal Expands PYUSD Stablecoin Access To 70 Global Markets The post PayPal Expands PYUSD Stablecoin Access To 70 Global Mar...
PayPal Rolls Out PYUSD Stablecoin to 70 Markets for Faster, Lower-Cost Global Payments
TLDR: PayPal has expanded PYUSD to 70 global markets, giving millions of users access to the dollar-backed stablecoin. Users can now buy, hold, send, and receive PYUSD while earning rewards and converting funds to local currency. Merchants accepting PYUSD can receive payment proceeds within minutes, replacing slow traditional settlement cycles. PYUSD is a US federally regulated stablecoin, now live across Asia-Pacific, Europe, Latin America, an…
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