PayPal announced that its PYUSD stablecoin will soon be available on the Stellar blockchain, pending approval from regulators. This follows its initial launch on Ethereum and Solana, aiming to leverage blockchain for improved cross-border payments.
According to PayPal’s Vice President, May Zabaneh, stablecoins merge blockchain potential with fiat stability, enhancing payment efficiencies. The introduction of PYUSD on Stellar is expected to facilitate smoother transactions globally.
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