YouTube Integrates PayPal’s Stablecoin PYUSD for US Creator Payouts
- YouTube now allows US creators to receive payouts in PayPal’s stablecoin, PYUSD.
- The integration does not require YouTube to handle cryptocurrency directly.
- PYUSD was launched in August 2023 by Paxos and is designed for smooth conversions and near-instant settlements.
- The stablecoin aims to reduce banking delays and protect users from volatility risks.
- PYUSD is supported by Visa’s stablecoin settlement platform and is the sixth-largest stablecoin with a market cap of $3.9 billion.
YouTube has enabled US creators to opt for PayPal’s stablecoin PYUSD as a payout method, enhancing digital payment options without requiring direct crypto handling. PYUSD focuses on seamless transactions and reducing financial delays, with a significant presence in the stablecoin market.
Source (3.2)https://cryptobriefing.com/stablecoin-payouts-youtube-paypal/?rand=59535
