Events

PayPal has expanded its dollar-backed stablecoin PYUSD from just 2 to 70 countries, enabling users worldwide to send, receive and hold the token. The expansion is pitched to cut costs and speed cross-border payments and has boosted PayPal's stock as it positions PYUSD as a major global stablecoin contender.

PYUSDx, introduced by PayPal with MoonPay and M0, is an infrastructure service that enables developers to rapidly create branded, app-specific stablecoins pegged 1:1 to PayPal USD, shrinking the usual technical, regulatory and operational onboarding timeline from months to days.

PYUSDx, introduced by PayPal, MoonPay and M0, is an infrastructure platform that enables developers to rapidly issue custom, multichain stablecoins backed by PYUSD. The service offers branded token options and transparent reserve reporting, positioning MoonPay as core backend infrastructure for fintech, crypto and AI applications.

World Liberty Financial’s USD1 stablecoin has overtaken PayPal’s PYUSD in market capitalization, propelled by Binance’s $40 million WLFI airdrop and rising exchange listings and merchant acceptance. Eric Trump publicly drew attention to the milestone amid broader shifts in global payment rails.

YouTube will allow U.S. creators to collect earnings in PayPal's PYUSD stablecoin, a development that may speed mainstream crypto acceptance and alter how digital content is monetized and how creators manage their income.