PayPal has integrated its USD-pegged stablecoin PYUSD onto the Stellar blockchain, expanding beyond its existing availability on Ethereum and Solana. This strategic move targets enhanced cross-border payment solutions and financing options for small- and medium-sized enterprises globally.
The deployment leverages Stellar’s low-cost, high-speed infrastructure to provide real-time liquidity for businesses grappling with delayed receivables or pre-financing requirements. By enabling instant settlements at minimal transaction costs, PayPal aims to streamline remittances and optimize working capital flow for SMEs.
This expansion reinforces PayPal’s commitment to advancing blockchain innovation in financial services. PYUSD solidifies its position as a versatile digital currency within the payment ecosystem, designed to address practical business needs through scalable blockchain technology.