- PayPal gearing up to launch its stablecoin, PYUSD, on the Stellar blockchain to make global payments quicker and cheaper.
- The move, which still needs regulatory sign-off, is focused on practical stuff like remittances, business cash flow, and smooth cross-border transfers.
PayPal’s bringing its U.S. dollar-backed stablecoin, PYUSD, to the Stellar blockchain—just waiting on the final approval from New York’s financial regulator. PYUSD is already live on Ethereum and Solana, but this next step is all about making it more useful in the real world, especially for faster, cheaper cross-border payments and next-gen financial services.
Stellar’s fast and low-cost network gives PYUSD a solid runway to grow. PayPal is tapping into Stellar’s global rails to make its stablecoin easier to use, whether it’s through digital wallets, local banks, or cash-out spots across 170+ countries. This move opens the door for smoother remittances, paying bills, and handling small everyday transactions, giving both users and businesses a more affordable and practical way to move money.
A big part of this move is backing what’s being called “PayFi”, basically, payment-focused financial tools built for small and mid-sized businesses. On Stellar, PYUSD can settle instantly, which means businesses get faster access to their cash, can keep supply chains running smoother, and cover short-term cash gaps without the usual headaches. Liquidity providers on Stellar are expected to help keep things moving by handling conversions and making sure transactions flow without friction.
Expanding Access Through Stellar’s Global Infrastructure
Stellar’s a smart match for this move, its super low fees and near-instant settlement times give it a clear edge over something like Ethereum. It lines up perfectly with what PayPal’s trying to do: push stablecoins like PYUSD as real, everyday payment tools instead of just something people trade or hold for hype. Stellar’s design makes it way easier to connect with local payments systems, so PYUSD can move back and forth between crypto and regular banks without a hitch.
Denelle Dixon, who heads the Stellar Development Foundation, called this a big step, saying PYUSD on Stellar helps make stablecoins actually useful and easier to access for everyday people. PayPal’s May Zabaneh echoed that, adding that stablecoins could be crypto’s real “killer app,” finally making real-world use cases actually work at scale.
PYUSD won’t go live on Stellar until it gets the green light from the New York State Department of Financial Services, just like it did with Ethereum and Solana. PayPal’s clearly playing it safe here, sticking to the rules while still pushing forward with its plans to grow in the crypto space.
Bringing Stellar into the mix is a big step in PayPal’s multi-chain game plan. With PYUSD already on Ethereum and Solana, adding Stellar puts it in rare company, one of the few stablecoins running across multiple major networks. It also sets PayPal up to go head-to-head with heavyweights like USDC and Tether, while making it easier for more people, whether in big markets or developing ones, to actually use it.
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