Global payment giant PayPal (NASDAQ: PYPL) is set to expand the use of its stablecoin, PYUSD, across more of its products in 2025, integrating it as a payment option for 20 million small and medium-sized businesses. This initiative aims to create a seamless payment ecosystem, boosting efficiency and accessibility for merchants worldwide.

Enhancing Cross-Border Payments

PayPal’s top executive, Michelle Gill, emphasized that the company expects an increase in cross-border transactions, as U.S. businesses seek to pay suppliers overseas. By leveraging PYUSD, merchants can bypass currency conversion fees, making international transactions faster and more cost-effective.

The company executed its first business transaction using PYUSD in October 2024, marking the beginning of its real-world use case.

PYUSD in Global Payments

To further strengthen its global payment capabilities, PayPal will integrate PYUSD into Hyperwallet, a mass payment platform that facilitates transactions for freelancers, contractors, and global vendors. PayPal acquired Hyperwallet in 2018 for $400 million, and the system will now enable PYUSD payouts starting in the first half of this year.

By the end of 2025, merchants will also have the ability to process payments in other cryptocurrencies via PayPal, broadening crypto adoption within its ecosystem.

PYUSD Market Standing

Currently, PYUSD ranks 115th among cryptocurrencies and 10th among stablecoins, with a market capitalization of $703.6 million. With PayPal’s expanding adoption, its utility in digital payments is expected to grow significantly.

As PayPal continues to embrace crypto, will PYUSD become a mainstream stablecoin? Stay tuned for more updates on digital payments and crypto adoption!