TechFlow, June 11 — According to CoinDesk, PayPal announced it will expand its U.S. dollar stablecoin PYUSD to the Stellar blockchain, aiming to enhance cross-border remittances and payment financing (PayFi) use cases. PYUSD has previously been operating on Ethereum and Solana. Through the Stellar network, PYUSD can provide real-time working capital for small and medium-sized enterprises to meet operational needs such as paying suppliers and inventory management. The partnership has already received approval from the New York State Department of Financial Services (NYDFS), and will launch upon completion of final integration review.
Add to Favorites
Share to Social Media
