Eligible users can buy, hold, send and receive PayPal USD (PYUSD), transfer it to external wallets and convert it into local currency, subject to local rules.
- PayPal has expanded access to its PYUSD stablecoin to 70 global markets, allowing eligible users to buy, hold, send, and receive it.
- The rollout enables cross-border transactions and conversion to local currencies, though access and features vary by region.
- PYUSD, issued by Paxos, aims to maintain a $1 value and is backed by U.S. dollar deposits and Treasuries.
Topics: Asset types, Jurisdictions, Scalability, Stablecoins digital cash, Cross jurisdictional policy, Retail global adoption
Tags: #paypal #pyusd #stablecoin #globalmarkets #crossborder #paxos #digitalwallets #localcurrency #venmo
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