PayPal Broadens Reach of Its Stablecoin PYUSD to 70 Markets
In a significant move to enhance global financial inclusion, PayPal has expanded its stablecoin, PayPal USD (PYUSD), to encompass 70 markets globally. This expansion empowers users worldwide to send, hold, and receive the token, streamlining global transactions with greater speed and reduced costs.
Global Expansion of PYUSD by PayPal
Recently, the renowned payments platform, PayPal, announced the wide-scale availability of its USD-pegged stablecoin, PYUSD, now accessible across 70 countries. This significant expansion follows the launch of PYUSD in August 2023, which faced initial delays due to regulatory scrutiny surrounding PayPal’s partner, Paxos. That same year, PayPal was issued a subpoena by the US Securities and Exchange Commission (SEC) concerning its stablecoin activities.
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As crypto regulations evolved and financial oversight became less stringent under the Trump Administration, the SEC concluded its extensive investigation into PYUSD in February 2025, opting not to pursue enforcement actions. Since then, PYUSD has witnessed a remarkable surge in its market capitalization, climbing to $4.1 billion, a fivefold increase within a year.
Previously, PYUSD was accessible only to users in the United States and the United Kingdom. The current expansion extends its reach to a variety of global regions, including Asia-Pacific, Europe, Latin America, and North America. Among the newly supported countries are Colombia, Costa Rica, the Dominican Republic, the Faroe Islands, Greenland, Guatemala, Honduras, Panama, Peru, Singapore, the United Kingdom, and the United States. Additional markets are set to gain access to PYUSD in the coming weeks.
Residents in these regions can now utilize their PayPal accounts to hold, send, and receive the stablecoin, facilitating swifter settlements and cost-effective alternatives to conventional payment methods. Moreover, users can earn rewards on their PYUSD holdings, although this feature is not yet available for users in Singapore and the United Kingdom. Existing holders in the United States benefit from an annual 4% reward.
PayPal’s Vision for a Global Commerce Ecosystem
PayPal’s strategic expansion of PYUSD signifies a pivotal step toward creating a more inclusive and interconnected global commerce ecosystem. The company is committed to enhancing the liquidity, utility, and ubiquity of PYUSD, as highlighted by May Zabaneh, Senior Vice President and General Manager of Crypto at PayPal. She emphasizes that the traditional transaction system remains burdened with excessive fees and outdated processes, and PayPal aims to revolutionize this landscape.
“By enabling PYUSD in 70 markets, we provide users with faster access to funds, affordable cross-border transfers, and a more direct avenue to engage with the global economy—key factors driving commerce forward for everyone,” Zabaneh stated in the official release. She further elaborated in a Fortune interview, noting that this initiative opens up access, especially in regions where financial services are most needed, while also facilitating cross-border transactions and reducing associated costs.
Initially launched on the Ethereum network, PYUSD has since expanded to additional networks, including Tron, Avalanche, Aptos, and Sei, through a collaboration with LayerZero in September. Furthermore, YouTube introduced a new payout option in December, enabling US creators to receive earnings in PYUSD, further integrating the stablecoin into the digital economy.
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