PayPal Expands PYUSD to Stellar Blockchain for Enhanced Cross-Border Transactions

According to PANews, PayPal has announced the expansion of its USD stablecoin, PYUSD, to the Stellar blockchain. This move aims to enhance cross-border remittances and payment financing scenarios. Previously, PYUSD was operational on Ethereum and Solana networks. By utilizing the Stellar network, PYUSD can provide real-time working capital for small and medium-sized enterprises, facilitating payments to suppliers and inventory management. This collaboration has received approval from the New York Department of Financial Services (NYDFS) and will be launched following the completion of the final integration review.