PayPal integrates PYUSD stablecoin into its services
February 26, 2025
PayPal Holdings Inc. plans to further integrate its stablecoin into the company's products this year to create a unified platform that meets the needs of its merchants.
One of the key initiatives is the introduction of PYUSD as a payment method for more than 20 million small and medium-sized businesses using the platform. This will enable merchants to bring their suppliers into the PayPal ecosystem, significantly simplifying transactions.
The general manager of PayPal's small business and financial services group stated that a large portion of these payments will be international, as U.S. merchants seek to pay for services and goods from suppliers abroad.
Usage Features
PayPal is considering the possibility of conducting international transactions through the PYUSD infrastructure to avoid currency conversions, reduce process complexity, and shorten transaction times. This could make payments faster and more efficient for businesses.
The company completed its first business transaction using PYUSD last year. As a stablecoin, PYUSD provides stability since its value is pegged to the U.S. dollar, making it a convenient payment method.
International Payments
In addition to integrating PYUSD for B2B transactions, PayPal plans to add it as a payment option for international transactions via Hyperwallet—a service that helps companies make mass payouts to contractors, freelancers, and merchants worldwide.
Furthermore, the company intends to allow merchants to make purchases through PayPal using cryptocurrencies by the end of 2025, marking another step in the advancement of blockchain technology in the financial sector.