PayPal’s PYUSD Arrives on Stellar, Challenging XRP Ledger

PayPal has announced plans to bring its stablecoin, PayPal USD (PYUSD), to the Stellar blockchain network. The move, pending regulatory approval from the New York State Department of Financial Services (NYDFS), aims to expand PYUSD’s reach and capabilities beyond the traditional U.S. dollar-backed system. Stellar is poised to challenge XRP Ledger as a leading platform for real-world financial applications with its speed, cost-effectiveness, and global payment network.