• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

PayPal's PYUSD Stablecoin Integration Expands

user avatar

by Giorgi Kostiuk

a year ago

PayPal is expanding the use of its PYUSD stablecoin in 2025, aiming to support 20 million merchants with a new bill-pay feature.

New Opportunities for Merchants

At PayPal’s annual investor day, the company revealed new merchant product launches, including support for PYUSD stablecoin payments. Michelle Gill, who leads PayPal's small business and financial services unit, explained that PYUSD would reduce currency conversion fees and payment delays.

A lot of the payments we’re expecting are going to be cross-border because merchants in the US are seeking to pay vendors and suppliers abroad.

Integration with Hyperwallet

PayPal plans to integrate PYUSD stablecoin into Hyperwallet this year. Hyperwallet, one of PayPal’s key acquisitions, allows businesses to send payments to freelancers, contractors, and sellers worldwide.

Potential Changes in the Crypto Market

Marc Boiron, CEO of Polygon Labs, highlighted that stablecoins are booming with a current market cap of $216.26 billion, partly due to platforms like PayPal making them easier to use. Last October, PayPal completed its first transaction with its own stablecoin, showcasing its potential in commercial transactions. Jose Fernandez da Ponte of PayPal pointed out that the speed and availability of settlement make crypto more attractive, and the current US administration is favorable for the crypto market.

PayPal's massive integration of PYUSD demonstrates the significant impact stablecoins can have on the global financial ecosystem, potentially transforming cross-border payments.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Mississippi College School of Law Introduces Mandatory AI Course for First-Year Students

chest

Mississippi College School of Law mandates a course on artificial intelligence for first-year students, reflecting the growing importance of AI in the legal field.

user avatarMiguel Rodriguez

Legal System Faces Challenges with AI Integration Amid Court Rulings

chest

The integration of artificial intelligence in the legal system is facing significant challenges due to recent court rulings, including concerns about the reliability of AI-generated information and the lack of attorney-client privilege for conversations with AI chatbots.

user avatarLuis Flores

Michael Arrington Highlights XRP's Role in Crypto Infrastructure Development

chest

Michael Arrington discusses the limitless potential of the XRP ecosystem and Ripple's role in developing essential infrastructure for the crypto industry.

user avatarArif Mukhtar

New York Takes Legal Action Against Coinbase and Gemini for Gambling Law Violations

chest

New York has filed lawsuits against Coinbase and Gemini for allegedly violating state gambling laws by offering prediction markets.

user avatarMaria Gutierrez

New York AG Letitia James Sues Coinbase and Gemini Over Illegal Gambling

chest

New York Attorney General Letitia James has filed a lawsuit against Coinbase and Gemini for allegedly operating illegal prediction markets without the necessary licenses.

user avatarDavid Robinson

Amazon Expands Partnership with Anthropic with $25 Billion Investment

chest

Amazon has announced a significant investment in AI startup Anthropic, enhancing their partnership with a total potential stake of $33 billion.

user avatarAndrew Smith

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.