PayPal users can now use PYUSD stablecoin to fund cross-border transfers
With circulation down by 40%, PayPal is exploring new use cases for its PYSUD stablecoin, and international remittances have emerged as a low-hanging fruit.
With circulation down by 40%, PayPal is exploring new use cases for its PYSUD stablecoin, and international remittances have emerged as a low-hanging fruit.
On November 1, PayPal issued its Q3 earnings report, and in a separate filing, the company revealed that it received a subpoena from the U.S. SEC relating to PayPal USD stablecoin.
PYUSD is being pitched as good for sending person-to-person payments, transferring to external wallets or funding purchases and users can convert PYUSD to other PayPal-supported digital assets.