PayPal has launched its dollar-backed stablecoin, PYUSD, across 70 markets worldwide to make cross-border payments faster, cheaper, and more seamless.
The expansion allows eligible users to send, receive, hold, and transfer PYUSD directly through their PayPal accounts. Backed one-to-one by the US dollar, PYUSD offers stability while combining the speed of digital currency with traditional financial trust.
This move is expected to significantly reduce the cost and time of international transfers, especially for freelancers, small businesses, and families sending remittances. Many users in Africa and other emerging markets, who often face high fees and delays, stand to benefit greatly.
PayPal says users can now transfer PYUSD instantly with zero fees in many cases and easily convert between PYUSD and other currencies. The stablecoin is already available in selected countries across Europe, Latin America, Asia, and parts of Africa, with more markets expected to be added soon.
First introduced in 2023, PYUSD forms part of PayPalโs broader push into stablecoins as demand grows for reliable digital payment solutions.
PayPal customers in supported countries can now access PYUSD through the app or website. The company aims to simplify global payments and increase financial inclusion for millions of users worldwide.
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