PayPal's PYUSD stablecoin is now live on Stellar. The USD 1.3 billion market cap stablecoin has grown 160% year-to-date and will enable checkout at millions of PayPal merchants through Stellar wallets with sub-1% fees.
PayPal officially announced PYUSD stablecoin deployment on Stellar, marking a major partnership between the two platforms. PYUSD is a US-regulated stablecoin with USD 1.3 billion market cap, growing 160% year-to-date compared to 20% growth in the broader stablecoin market. The integration enables Stellar wallet users to purchase at PayPal merchants with Pay With Crypto checkout at 0.99% fees, compared to standard 3-3.5% rates. PayPal processes USD 7 billion monthly stablecoin volume with 2.7 million transactions monthly, including 1 million retail transactions under USD 250. Jose Fernandez da Ponte and Larry Wade discussed risk and compliance frameworks essential for institutional adoption, emphasizing programmatic controls, preventative measures, and proper documentation over manual processes.
