PayPal announced on February 27, 2025, its plan to integrate its stablecoin, PayPal USD (PYUSD), into its platform in the U.S. to increase usage among its 20 million merchants. This initiative aims to strengthen PayPal's presence in the stablecoin market.
PYUSD will be offered as a payment option for U.S. merchants, allowing them to settle payments with sellers through an upcoming billing and payment product by the end of 2025. This integration is expected to provide smoother cross-border transactions.
The company states that using PYUSD will eliminate the need for currency conversion and reduce friction for U.S. merchants paying international vendors. This strategic move is designed to accelerate the adoption and utility of its stablecoin within its vast network.
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