PayPal Announces PYUSD Launch on Stellar Network for Expanded Global Reach

PayPal is expanding the utility of its U.S. dollar-pegged stablecoin, PayPal USD (PYUSD), by launching it on the Stellar blockchain network after receiving regulatory approval from New York’s Department of Financial Services (NYDFS). This strategic move aims to leverage Stellar’s fast and affordable transaction capabilities for real-world use cases like cross-border payments, everyday commerce, and small business financing. By adding Stellar to its existing list of supported blockchains alongside Ethereum and Solana, PayPal is offering users more efficient payment alternatives.