PayPal Launches PYUSD Across 70 Markets to Reduce Cross-Border Payment Friction

▤ Summary

PayPal rolled out its dollar-backed stablecoin PYUSD to users in 70 markets, enabling customers to buy, hold, send, and receive PYUSD directly within PayPal accounts. The move aims to speed settlement, lower cross-border costs, and give businesses faster access to proceeds—often in minutes instead of days or weeks. Eligible users can earn rewards on PYUSD holdings and transfer funds to friends, PayPal users, or supported third-party wallets, with options to convert to local currency for spending. PayPal positions this expansion as the next step after the 2023 U.S. launch to increase liquidity, utility, and global participation in PYUSD across regions including Africa, Asia-Pacific, Europe, Latin America, the Middle East, and North America.

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