Interactive Brokers now lets eligible clients fund brokerage accounts with stablecoins such as USD Coin (USDC) and PYUSD. The option is intended to simplify fiat on‑ramps and speed settlement for crypto-aware investors.
PayPal has applied for an industrial bank charter in Utah to support issuance of the PYUSD stablecoin and expand into business lending and yield-bearing savings accounts. The move would bring PYUSD activity under state banking supervision and enable deposit-like products.

PayPal introduces 'Pay with Crypto,' enabling US merchants to accept over 100 cryptocurrencies with lower fees and instant fund access. Transactions convert to PayPal's stablecoin PYUSD offering 4% yield, boosting merchant profitability.