(17 March 2026 – Global) PayPal is rolling out its US dollar-backed stablecoin, PYUSD, to users and merchants across 70 markets, extending availability beyond its initial US launch in 2023.
The expansion enables customers in Asia Pacific, Europe and Latin America to buy, hold, send and receive PYUSD directly within their PayPal accounts. Eligible users can also earn rewards on balances, transfer funds instantly and convert holdings into local currency upon withdrawal.
For merchants, PayPal says the stablecoin offers faster access to funds, allowing proceeds to be used within minutes rather than days or weeks, enhancing liquidity and reducing dependence on traditional settlement cycles.
May Zabaneh, SVP and GM of Crypto at PayPal, says: “Consumers and businesses around the world are looking for faster, more seamless ways to transact globally and the current system still charges too much, takes too long, and settles on timelines that were designed for a different era.
“We are working to change that. 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.”