PayPal has expanded access to its US-dollar stablecoin PYUSD to 70 countries, extending availability beyond its initial rollout in the United States and United Kingdom.
The move allows users across regions including Asia-Pacific, Europe and Latin America to send, receive and hold PYUSD directly within their PayPal accounts.
“Enabling PYUSD in users’ accounts across 70 markets gives people faster access to their funds, lower-cost ways to send money across borders,”
Said PayPal head of crypto, May Zabaneh.
The expansion introduces rewards on PYUSD balances and supports transfers to third-party digital wallets, positioning the stablecoin as both a payments and savings tool.
Users in markets with restricted currency controls will also be able to hold US dollars within PayPal wallets, reducing reliance on costly currency conversions and transfer fees.
PYUSD is issued by Paxos Trust and distributed by PayPal, with the stablecoin growing rapidly to a market capitalisation of about $4.1 billion.
The rollout reflects PayPal’s broader push to scale stablecoin adoption globally as competition intensifies in digital payments and cross-border transfers.