PayPal Expands PYUSD Stablecoin to Cover 70 Global Markets

PayPal has announced the expansion of its dollar-pegged stablecoin, PayPal USD (PYUSD), making it available to users in 70 markets worldwide.

This move aims to increase access to the stablecoin, which was previously limited to customers in the US and UK, enabling faster and more efficient global transactions.

PYUSD Expansion Enables Faster Cross-Border Payments

With the rollout in new markets, eligible PayPal users can buy, hold, send, and receive PYUSD directly from their accounts. Additional features include:

• Earning rewards on assets.

• Instantly transferring funds to other PayPal users or external digital wallets.

Easily converting PYUSD into local currencies.

For merchants and businesses, this expansion enables faster access to funds, with transactions settling in minutes instead of days. It also improves liquidity, simplifies cross-border operations, and reduces reliance on slow and costly traditional payment systems.

PayPal Executive Highlights Need for Faster Global Transactions

Commenting on the expansion, PayPal’s Senior Vice President and General Manager of Digital Currency, Mai Zabane, said: "Consumers and businesses around the world are seeking faster and more seamless ways to transact globally. The current system still imposes high fees, takes too long, and relies on schedules designed for a different era".

The expansion spans multiple regions, including Asia-Pacific, Europe, Latin America, and North America. Initial markets include Colombia, Costa Rica, the Dominican Republic, Guatemala, Honduras, Panama, Peru, Uganda, and Singapore, as well as smaller regions such as the Faroe Islands and Greenland. PayPal noted that additional markets will be added in the coming weeks.

PYUSD Growth Since Launch and Market Adoption

Launched in 2023, PYUSD has reached a market capitalization of over $4 billion, according to CoinGecko data, reflecting strong interest from users and investors in US dollar-pegged stablecoins.

Advancing the Future of Global Digital Payments

The expansion of PYUSD is part of PayPal’s broader strategy to enhance cross-border digital payments by increasing speed and efficiency for both consumers and businesses. It signals a growing shift toward stablecoins as a key tool for facilitating global commerce, reducing costs, and improving access to international financial systems in a more seamless and secure way.