PayPal Expands PYUSD to 70 Markets as Supply Tops $4 Billion
PayPal has rolled out its dollar-backed stablecoin PYUSD to 70 markets worldwide, enabling users to buy, hold, send and receive tokens directly through their accounts. With supply exceeding $4 billion, the expansion aims to accelerate cross-border transactions by offering faster settlement and lower fees for consumers and businesses.
1. PayPal expands PYUSD to 70 markets
PayPal has enabled its dollar-backed stablecoin PYUSD in 70 markets across Asia-Pacific, Europe, Latin America and North America, including Colombia, Costa Rica, Singapore, the United Kingdom and the United States. Remaining markets are slated for access in the coming weeks.
2. Enhanced user and business functionality
Users can now buy, hold, send and receive PYUSD within their PayPal accounts, earn rewards on holdings, instantly transfer funds to contacts or digital wallets and convert tokens to local currency for everyday spending. Businesses accepting PYUSD will access proceeds in minutes rather than days, improving liquidity and reducing settlement timelines.
3. Stablecoin market position and supply
PYUSD’s circulating supply has surpassed $4 billion, making it the seventh-largest stablecoin by market cap. The expansion is designed to drive greater liquidity and practical utility for global commerce, positioning PYUSD as a lower-cost, faster alternative to traditional cross-border payment methods.