PayPal USD (PYUSD) Plans to Increase Access to Its Stablecoin by Expanding to the Stellar Network

PayPal has declared that it plans to increase access to its stablecoin, PayPal USD (PYUSD), to the Stellar network, subject to regulatory approval

PayPal is expanding the reach of its stablecoin, PayPal USD (PYUSD), to the Stellar network, pending approval from the New York State Department of Financial Services (NYDFS), the company announced on X (formerly Twitter).

The move should make PYUSD more efficient and accessible for real-world financial applications, such as international payments, e-commerce and working capital funding.

“PYUSD is coming to Stellar, reaching a broader group of developers and unlocking new opportunities for the stablecoin. More blockchains, greater access – and we’re not stopping now.”

PYUSD is expanding to the Stellar network, reaching a broader group of developers and unlocking new opportunities for the stablecoin.

We're excited for the future of Web3.

Good things come to those who wait. 😉@StellarOrg

The Stellar network, known for its minimal transaction fees and rapid confirmation times, is a logical choice for increasing the scope and use cases of stablecoins.

This integration will enable PYUSD to be accessible to users beyond Ethereum and Solana, offering businesses and individuals in over 170 countries a preferred low-latency and high-throughput network for an accessible and widely used stablecoin.

Stellar already has an infrastructure that hosts multiple use cases that are already prospering in its ecosystem, including cross-border transactions, merchant services, and micro-financing solutions.

Increased Access and Financial Inclusion Through Stellar

Stellar will provide an avenue for easy access to digital wallets, local payment systems, and global cash networks. This would maximize users’ use of PYUSD in everyday transactions and financial services, such as remittances, bill payments, and point-of-sale purchases, throughout the world.

Besides benefiting the consumers, small and medium-sized businesses (SMEs) could have access to new sources of liquidity thanks to a model known as Payment Financing (PayFi). Through this solution, companies would get working capital in PYUSD to spend on urgent requirements like inventory management and the payment of suppliers. These settlements are also in real-time, which Stellar protocol supports, which could minimize the common delays in cross-border financing.

Empowering Scalable, Transparent, Trusted Payments

The integration with Stellar that PYUSD is planning is just part of the overall effort to ensure that stablecoins become a feasible instrument of daily finance. By being decentralized and scalable in its design and featuring native smart contract support, the Stellar network is well-positioned to handle the volume of high-throughput-low-fee transactions that stablecoin users need.

The partnership also improves transparency and cost-efficiency in cross-border payment flows, with settlements occurring in near real-time and less dependency on intermediaries. This is especially applicable to the underserved people in emerging markets, where traditional financial services are still inaccessible. The project is part of a wider move toward more open, blockchain-powered financial plumbing in the industry.

This partnership signifies a significant step in expanding the role of stablecoins in the evolving digital asset landscape.