PayPal integrating PYUSD stablecoin for global payments
According to Bloomberg, PayPal is preparing to integrate its stablecoin, PYUSD, into more products. The company aims to make PYUSD available for global payments via Hyperwallet and hopes to achieve this by mid-2025. PayPal aims to offer PYUSD as a payment option to over 20 million merchants for paying suppliers both domestically and internationally. Alex Chriss, CEO of PayPal, emphasized that this initiative brings the concept of blockchain closer to reality. PayPal first launched its stablecoin in August 2023 on Solana and Ethereum blockchains and recently made it available in the Cardano ecosystem as well.
