PayPal Expands PYUSD Stablecoin to 70 Markets
PayPal has expanded its PYUSD stablecoin to 70 markets globally, enabling faster, lower-cost cross-border payments for consumers and businesses, including in Africa...
✨ Key Highlights
PayPal has announced the global expansion of its dollar-backed stablecoin, PayPal USD (PYUSD), to 70 markets worldwide. This move aims to provide faster and more seamless global transactions for consumers and businesses.
- PYUSD is now integrated directly into PayPal accounts across regions in Africa, Asia-Pacific, Europe, Latin America, and the Middle East.
- Key figures include Senior Vice President and General Manager of Crypto at PayPal, May Zabaneh, and Senior Vice President and General Manager of the Middle East and Africa, Otto Williams.
- Users can buy, hold, send, and receive PYUSD, convert it to local currency, and earn rewards, while merchants benefit from faster access to funds, improving cash flow and cross-border operations.
Continue Reading
Read the complete article from Tech Arena
Part of the Day's Coverage
Apple Pay Lands in Mauritius via Visa and MCB. Kenya Still Not on the Map - May 2026
Apple Pay has officially launched in Mauritius, making it the third African country to offer the service, following South Africa and Morocco. Separately, PayPal announced the global expansion of its dollar-backed stablecoin, PayPal USD (PYUSD), to 70 markets worldwide, aiming to provide faster and more seamless global transactions for consumers and businesses. Additionally, Checker has successfully raised $8 million to scale its stablecoin infrastructure, aiming to enhance financial services for institutions across Africa and other emerging markets. These developments reflect the expanding digital payment landscape across Africa, though Kenya has yet to receive these services.
