PayPal Expands PYUSD to 70 Markets Worldwide

• PayPal expands PYUSD to 70 markets, adding 68 new countries globally
• Users can hold USD and reduce cross-border transfer and conversion costs
• PYUSD market cap approaches $4.1 billion amid rising global adoption

PayPal has expanded its stablecoin PYUSD to 70 markets, marking a shift toward global payments. The rollout enables users to send, receive, and hold funds across borders. The move targets faster transfers and lower costs, especially in regions where currency conversion and remittance fees remain high today.

PYUSD Rollout Reaches New Global Markets

PayPal has extended access to its stablecoin PYUSD to 70 countries. The expansion adds 68 new markets beyond earlier availability. Users in regions across Asia-Pacific, Europe, and Latin America can now access the service.

Previously, only users in the United States and the United Kingdom could hold PYUSD. The update allows customers to receive, send, and store the stablecoin directly in their accounts. The rollout includes countries such as Colombia, Peru, and Singapore. PayPal stated that the expansion supports broader financial access. 

May Zabaneh said, “Enabling PYUSD in users’ accounts across 70 markets gives people faster access to their funds.” She added that it also supports lower-cost transfers and wider participation. The rollout also supports transfers to third-party wallets. This allows users to move funds outside the PayPal ecosystem. The company confirmed that the service will continue expanding in supported regions.

Focus on Cross-Border Transfers and Lower Costs

The expansion targets markets where remittance costs remain high. Many users face fees when converting currencies during transfers. PYUSD allows users to hold funds in US dollars and reduce conversion costs. In countries like Peru, users were required to withdraw funds in local currency. This process often included added fees. With PYUSD, users can now keep funds in dollars within their PayPal accounts.

Some regions, such as Malawi, did not allow wallet balances before this update. Funds had to be transferred directly to bank accounts. PYUSD introduces a balance feature that lets users store funds within PayPal.

PayPal stated that transactions using PYUSD can settle faster than traditional systems. Businesses can receive payments within minutes instead of waiting days. This feature supports faster access to working capital.

Global remittance flows reached $685 billion in 2024. PayPal’s expansion positions PYUSD within this growing market. The company aims to provide a more efficient option for international transfers.

Rewards, Adoption, and Ecosystem Growth

PayPal confirmed that eligible users in new markets can earn rewards on PYUSD holdings. However, rewards are not available in all regions. Users in Singapore and the United Kingdom are excluded from this feature. In the United States, PYUSD holders can earn about 4% annually. This feature introduces a savings option linked to a dollar-backed asset. 

It also extends access to users in regions with limited USD instruments. Enterprise adoption has also increased. Companies like YouTube use PayPal’s infrastructure to distribute payments in PYUSD. PayPal has also tested internal transfers using the stablecoin across its operations.

PYUSD was launched in 2023 with Paxos as the issuing partner. It first operated on Ethereum and later expanded to other networks. These include Tron, Avalanche, and Sei through LayerZero integration. The stablecoin market has grown, with PYUSD reaching a market value near $4.1 billion. Regulatory developments in the United States have also supported adoption. PayPal continues to build partnerships to expand its stablecoin ecosystem.