PayPal Scales PYUSD Stablecoin to Reach 70 Countries

PayPal said it has expanded the availability of its dollar-backed stablecoin PayPal USD (PYUSD) and now offers it in 70 markets worldwide.

PYUSD is available to users in their PayPal accounts across multiple regions, including Asia-Pacific, Europe, Latin America and North America, the company said in a Tuesday (March 17) press release. Users can check the PayPal app to see if the stablecoin is available in their country, according to a frequently asked questions page.

The stablecoin enables faster settlement and lower cost than traditional payment methods when sending funds across borders, according to the release.

Eligible users can buy, hold, send and receive PYUSD directly from their PayPal account; earn rewards on their PYUSD holdings; instantly transfer funds to friends and family on PayPal or to third-party digital wallets; and convert PYUSD to local currency when withdrawing funds, the release said.

For businesses that accept PYUSD, the stablecoin makes proceeds available for use in minutes, helping businesses manage working capital, support cross-border operations and participate in global commerce, per the release.

“Enabling PYUSD in users’ accounts across 70 markets gives people faster access to their funds, lower-cost ways to send money across borders, and a more direct path to participating in the global economy, and that is what drives commerce forward for everyone,” May Zabaneh, senior vice president and general manager of crypto at PayPal, said in the release.

PayPal launched PYUSD in August 2023, saying the stablecoin is “designed to contribute to the opportunity stablecoins offer for payments.”

By late September 2023, the company said the stablecoin had gained significant traction within the crypto community, was present on select exchanges and wallets, and had been embraced by custodians, institutional service providers and crypto payment service providers.

PayPal announced in December 2025 that YouTube had introduced a feature for U.S. users that let creators on its platform get paid in PYUSD.

In September 2025, Layer 1 blockchain network Stable said it would enable users to utilize PYUSD on its blockchain.

PYMNTS reported in December 2025 that stablecoins made steady progress in 2025 and progressed into the mainstream of financial services and payments.