PayPal USD (PYUSD) Launches on Stellar Network, Expanding Stablecoin Utility
PayPal's dollar-backed stablecoin PYUSD has officially launched on the stellar blockchain, marking a significant expansion of its payment capabilities. The integration enables seamless transactions across multiple wallets and platforms, including Bitcoin.com and Lobstr, while targeting both consumer and business use cases.
The deployment on Stellar's low-cost, high-speed network positions PYUSD as a viable option for cross-border payments and SME operations. Corbin Fraser of Bitcoin.com emphasized the move's potential to accelerate real-world stablecoin adoption through faster settlements and reduced transaction costs.