PayPal is bringing its PYUSD stablecoin to Stellar pending regulatory approval, enabling fast, low-cost cross-border payments and remittances through Stellar's network of on and off-ramps.
PayPal announced plans to launch PYUSD, its USD-backed stablecoin, on the Stellar blockchain network pending New York State regulatory approval. Already live on Ethereum and Solana, PYUSD on Stellar will leverage the network's fast settlement and low fees for real-world payments, remittances, commerce, and micro-financing. The move grants PYUSD access to Stellar's extensive on and off-ramp infrastructure and digital wallet ecosystem. PayPal also introduced PayFi, a financing feature enabling SMBs to access real-time working capital disbursed in PYUSD for delayed receivables and pre-funding needs.