PayPal Expands PYUSD Adoption Among 20 Million Merchants by 2025
- PayPal plans to integrate its US-dollar-backed stablecoin, PayPal USD (PYUSD), into various products this year.
- The company targets over 20 million small-to-medium-sized merchants to use PYUSD for vendor payments.
- A new bill-pay product enabling PYUSD transactions is set to launch by the end of 2025.
- PYUSD will be added as a global payment option on Hyperwallet, acquired by PayPal for $400 million in 2018.
- Hyperwallet will introduce PYUSD payouts in the first half of this year.
PayPal aims to facilitate cross-border transactions for U.S. merchants using PYUSD, reducing currency conversion and transaction friction.
Source (2.6)https://dailyhodl.com/2025/02/27/paypal-planning-big-expansion-of-pyusd-adoption-via-the-payment-giants-20000000-merchants-in-2025-report/?rand=59076
