PayPal to Expand PYUSD Stablecoin Integration by 2025
- PayPal plans to integrate its PYUSD stablecoin into more products by the end of 2025.
- The company will leverage its network of over 20 million merchants for this expansion.
- PYUSD is pegged to the US Dollar at a 1:1 ratio, similar to Tether’s USDT.
- PayPal acquired Hyperwallet in 2018 for approximately $400 million to facilitate mass payments globally.
- The firm aims to enable merchants to settle PayPal checkout transactions in digital assets by late 2025.
PayPal is set to expand its PYUSD stablecoin integration across its global merchant network, aiming for broader adoption and facilitating cross-border transactions without currency conversion. The initiative includes leveraging the Hyperwallet platform, acquired in 2018, with full implementation expected by the end of 2025.
Source (2.6)https://coingape.com/paypal-pyusd-stablecoin-plans-to-take-on-tether-usdt-dominance-in-2025/?rand=24432
